Eversource Energy’s Stock Price Dips to $59.52, Shedding 2.14% in Latest Market Shift

Eversource Energy (ES)

59.52 USD -1.30 (-2.14%) Volume: 1.86M

Eversource Energy’s stock price stands at 59.52 USD, experiencing a downturn with a trading session percentage change of -2.14%. With a trading volume of 1.86M and a year-to-date percentage change of -3.56%, ES’s stock performance reflects a bearish trend in the energy sector.

Latest developments on Eversource Energy

Eversource Energy‘s stock price saw movements today as the company launched a geothermal energy pilot program in Framingham, Massachusetts, aiming to shift gas utilities to cleaner alternatives. The innovative underground energy sharing project in Framingham marks the debut of the first Geothermal Neighborhood in the nation. Despite warnings from Eversource about the start of the 2024 Hurricane Season, the stock outperformed competitors on a strong trading day. Additionally, Stifel Financial Corp reduced its stock position in Eversource Energy, while an EVP sold shares worth over $158k. With Connecticut residents experiencing rising electric rates, Eversource is ready to begin a geothermal heat pump trial in Massachusetts, highlighting the company’s commitment to sustainable energy solutions.

A look at Eversource Energy Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Eversource Energy shows a strong outlook for value and dividends, scoring high in both categories. This indicates that the company is viewed favorably in terms of its financial performance and ability to provide returns to investors. However, the scores for growth and resilience are lower, suggesting that Eversource Energy may face challenges in expanding its operations and dealing with potential risks in the future. The momentum score falls in the middle range, indicating a moderate level of market interest and activity surrounding the company.

Eversource Energy, a public utility holding company, operates in several states providing electric and natural gas services to customers. With a solid score for dividends and value, the company appears to be a reliable choice for investors seeking stable returns. However, the lower scores for growth and resilience point to potential obstacles in the company’s long-term sustainability and expansion efforts. Overall, Eversource Energy‘s performance in the Smartkarma Smart Scores suggests a mixed outlook, with strengths in certain areas but room for improvement in others.

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