Eversource Energy has delivered four consecutive earnings beats averaging roughly 3% above consensus and carries a strong balance sheet health signal, but the stock sits just below its near-term price target with only 1.1% of headroom, momentum is at the lower edge of a constructive reading, and free cash conversion at only 34% of net income constrains the quality of the dividend—limiting the case for new capital at current levels.
Thesis pillars
- Weak Cash Conversion Red Flag→Stable
- Consistent Earnings Beat Streak→Stable
- Leverage And Sentiment Headwinds→Stable
- +1 more pillar — see the Why tab for full reasoning
Eversource Energy (D/B/A) (ES) Stock Analysis
Catalyst-Driven edge
Utilities · Utilities - Regulated Electric
Hold if already holding. Not a fresh buy at $74.21, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.6% away).
Eversource Energy distributes electricity, natural gas, and water across Connecticut, Massachusetts, and New Hampshire through seven regulated utility subsidiaries. CL&P, NSTAR Electric, and PSNH collectively serve approximately 3.5 million electric retail customers; NSTAR Gas,... Read more
Hold if already holding. Not a fresh buy at $74.21, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.6% away). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.3/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 26d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Eversource Energy (D/B/A)
About Eversource Energy (D/B/A)
Eversource Energy served approximately 3.5 million electric retail customers across Connecticut, Massachusetts, and New Hampshire as of December 31, 2025 — CL&P with 1.32 million customers in 157 Connecticut towns, NSTAR Electric with 1.62 million in 159 Massachusetts towns, and PSNH with 549,000 in 206 New Hampshire towns — plus natural gas and water customers through five additional regulated subsidiaries. CL&P alone generated $4.16 billion in 2025 retail tariff revenues. The holding company is subject to FERC oversight under the Public Utility Holding Company Act of 2005, with distribution subsidiaries separately regulated by PURA in Connecticut, the Massachusetts Department of Public Utilities, and the NHPUC.
Eversource earns returns through cost-of-service rates covering distribution and transmission; energy supply is passed through at cost with no margin earned. None of the three electric utilities own generation (NSTAR Electric owns 70 MW of solar facilities whose output is sold into ISO-NE). Distribution returns are set in periodic rate cases: NSTAR Electric operates under a 2022 DPU-approved five-year performance-based regulation plan with annual base rate adjustments; PSNH received new rates effective August 1, 2025 under an NHPUC alternative regulatory framework with three formulaic revenue adjustments authorized through 2028; and CL&P's base distribution rates remain frozen under a 2021 settlement pending its next general distribution rate proceeding. Transmission ROEs are regulated by FERC. In 2024, Eversource sold its 50% interests in Revolution Wind, South Fork Wind, and Sunrise Wind to Global Infrastructure Partners, retaining a tax equity investment in South Fork Wind plus contingent purchase price adjustment obligations tied to construction completion.
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Four complaints filed by outside parties with FERC against ISO-NE transmission owners, including Eversource's utilities, allege that allowed ROEs are unjust and unreasonable; adverse decisions could reduce transmission earnings and lower rate base growth. FERC's Longer-Term Transmission Planning competitive solicitation process may require Eversource to bid against non-incumbent developers for certain projects rather than relying on traditional cost-of-service recovery, introducing uncertainty about transmission investment returns. The company also monitors the evolving regulatory environment in Connecticut — including changes in the composition of PURA — which could affect outcomes in CL&P's next general distribution rate proceeding across electric, natural gas, and water businesses.
See also: Utilities · Utilities - Regulated Electric
From Eversource Energy (D/B/A)'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-07-06Recent Developments — Eversource Energy (D/B/A)
Latest news
- NEWS BofA Maintains Buy Rating on Eversource Energy (ES) - Yahoo Finance — Yahoo Finance positive
- NEWS Last Target Reached: Stock Market Crash: SPX SPY ES QQQ SMH VIX IWM DIA (99HQSPrLVH) - Fathom Journal — Fathom Journal negative
- NEWS ONEOK (OKE) Shares Rise Despite Downgrade and Missed Earnings Es - GuruFocus — GuruFocus negative
- NEWS Wells Fargo Maintains Overweight on Eversource Energy, Raises Price Target to $76 — benzinga Jul 2, 2026 neutral
- NEWS Argus Research Downgrades Eversource Energy to Hold — benzinga Jun 12, 2026 negative
Generated 2026-07-06T05:40:27Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $74.21, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.6% away). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $73.14 (-1.4%), stop $71.62 (−3.6%), A.R:R -1.6:1. Score 5.3/10, moderate confidence.
Take-profit target: $73.14 (-1.7% upside). Target $73.14 (-1.4%), stop $71.62 (−3.6%), A.R:R -1.6:1. Stop-loss: $71.62.
Analyst target reached - limited upside remaining; Near 52-week high (2.6% away); Leverage penalty (D/E 1.8): -1.0.
Eversource Energy (D/B/A) trades at a P/E of 15.9 (forward 15.2). TrendMatrix value score: 5.8/10. Verdict: Hold.
25 analysts cover ES with a consensus score of 3.6/5. Average price target: $73.
What does Eversource Energy (D/B/A) do?Eversource Energy distributes electricity, natural gas, and water across Connecticut, Massachusetts, and New Hampshire...
Eversource Energy distributes electricity, natural gas, and water across Connecticut, Massachusetts, and New Hampshire through seven regulated utility subsidiaries. CL&P, NSTAR Electric, and PSNH collectively serve approximately 3.5 million electric retail customers; NSTAR Gas, EGMA, and Yankee Gas serve gas customers; Aquarion provides water service in all three states. Cost-of-service rates are authorized by PURA (CT), the Massachusetts DPU, NHPUC, and FERC.