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Eversource Energy

Eversource Energy

ES
$74.62USD↓-0.56%-0.42 today

MARKET CAP

28.1B

P/E (TTM)

16.0x

FWD P/E

15.4x

DAY RANGE

$74 – $76

52W RANGE

$62
$76

AI Summary

Stalk
Buy NowMedium

ES remains in a Stage 2 advancing regime with robust higher highs and higher lows and rising EMAs. After a Bullish Exhaustion candle at overbought extremes, price has pulled back into and is holding above the rising 9 and 21 EMAs on lighter volume, offering a tactical buying opportunity. Our Stable strategy favors conservative engagement on pullbacks, aligning risk control with the medium-term bullish trend.

  • ↑Q1 2026 GAAP EPS increased 7% to $1.61 vs. $1.50 year-ago
  • ↑$26.5 B five-year CapEx plan (≈$5 B in 2026) to enhance reliability
  • ↓FERC’s lower transmission ROE will trim ~$70 M after-tax earnings in 2026
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The case for & against

Bull & Bear analysis

Bearish

Eversource Energy (NYSE: ES) is a leading utility provider in the northeastern United States, delivering electricity and natural gas services across Massachusetts, Connecticut, and New Hampshire. The company positions itself within the growing energy market, emphasizing infrastructure investments, renewable energy initiatives, and a commitment to customer service and affordability while navigating regulatory dynamics and an evolving energy landscape.

Bull says

  • ↑Q1 2026 GAAP EPS increased 7% to $1.61 vs. $1.50 year-ago
  • ↑$26.5 B five-year CapEx plan (≈$5 B in 2026) to enhance reliability
  • ↑Non-GAAP EPS of $1.73 excludes one-time charges
  • ↑4.29% dividend yield at a 67% payout ratio supports income case
  • ↑14.2% FFO/debt ratio signals solid cash-flow coverage
  • ↑Active regulatory management and 2,600 MW new power injections

Bear says

  • ↓FERC’s lower transmission ROE will trim ~$70 M after-tax earnings in 2026
  • ↓Negative growth and downgrade trends signal weakening earnings momentum
  • ↓Rising debt for CapEx amid higher rates strains leverage metrics
  • ↓Profitability pressures with FFO/debt declines and rising interest costs
  • ↓Elevated short interest suggests growing investor skepticism
  • ↓Regulatory headwinds may pressure cost recovery and margins

Investment themes with ES

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-10-2026neutral

Transcript signals

Bull points

  • positive turnaround
  • Excluding that charge, our non-GAAP earnings were $1.73 per share for the quarter as compared to GAAP as well as non-GAAP earnings of $1.50 per share in the first quarter of 2025.
  • The 23 cent per share improvement over the prior years primarily in the gas segment with an 18 cent per share improvement driven by rate-based increases in Massachusetts and implementation of the Yankee Gas rate case in Connecticut.

Bear points

  • we did make two disclosures during the quarter to reflect FERC's March 19th decision. The first was an adjustment to our 2026 non-GAAP EPS guidance as disclosed in our 8K filed on March 31st.
  • The change in the base ROE is expected to lower Eversource's future after-tax earnings in the aggregate by approximately $70 million for 2026.
  • Pura authorized the funding of $100 million reserve for storm restoration costs.
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