Eversource Energy (NYSE:ES), one of the largest utility providers in the Northeastern U.S., is positioned for steadier growth as its regulatory environment shows signs of improvement.Bank of America analyst Ross Fowler upgraded Eversource Energy to Buy from Neutral and raised its price forecast to $85 from $73, citing improving regulatory tone in Connecticut and clearer balance sheet visibility.Analyst said Connecticut appears to be undergoing a positive regulatory reset following recent structural and lead ...

Upgrades - BofA upgraded Eversource (ES) to Buy from Neutral with a price target of $85, up from $73, citing an "improving regulatory tone" and a projected 6% EPS growth through 2029 [2] - Leerink upgraded Exelixis (EXEL) to Outperform from Market Perform with a price target of $48, up from $38, following the Phase 3 STELLAR-303 trial results, which established important levers for long-term investment despite a 12% stock decline [3] - Citi upgraded Nextracker (NXT) to Buy from Neutral with a price target of $114, up from $66, highlighting its dominant position in tracker sales and potential revenue contributions from acquired businesses by FY30 [4] - Citi upgraded Sunrun (RUN) to Buy from Neutral with a price target of $26, up from $11, noting benefits from rising electricity rates and increased leverage over suppliers due to market shifts [5] - Raymond James upgraded Capri Holdings (CPRI) to Outperform from Market Perform with a price target of $25, indicating a favorable turnaround position supported by improving demand and conservative guidance [6] Downgrades - JPMorgan downgraded Goldman Sachs (GS) to Neutral from Overweight with a price target of $750, up from $625, citing high current valuations compared to European investment banks [7] - BNP Paribas Exane downgraded Verizon (VZ) to Neutral from Outperform with a price target of $44, raising concerns about strategic direction following a recent CEO change [7] - BNP Paribas Exane downgraded NuScale Power (SMR) to Underperform from Neutral with a price target of $25, down from $41, due to concerns over cumulative shipments and financial commitments [7] - Citi downgraded NuScale to Sell from Neutral with a price target of $37.50, down from $46, highlighting potential sales by Fluor and stretched valuations [7] - TD Cowen downgraded Tempus AI (TEM) to Hold from Buy with a price target of $88, up from $72, viewing the stock as fairly valued after a significant rally [7] - Wells Fargo downgraded Cleveland-Cliffs (CLF) to Underweight from Equal Weight with an unchanged price target of $11, describing the recent stock rally as "excess exuberance" [7]

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.Considering buying CRWD stock? Here’s what analysts think:Loading...Loading... ...

With a market cap of $26.8 billion, Eversource Energy (ES) is a public utility holding company engaged in the energy delivery business across Connecticut, Massachusetts, and New Hampshire. It operates through Electric Distribution; Electric Transmission; Natural Gas Distribution; and Water Distribution segments, providing electricity, natural gas, and water services to residential, commercial, and industrial customers. The Springfield, Massachusetts-based company is expected to unveil its fiscal Q3 2025 r ...

Group 1 - Utility companies are expected to have strong performance in 2024 and 2025 due to increased electricity consumption, particularly driven by data centers [1] - The market anticipates lower interest rates, which have already begun to decline, starting in Europe [1] Group 2 - The investment strategy combines fundamental analysis with options trading, focusing on various approaches such as income-oriented investments, growth at a reasonable price, deep value, and dividend aristocrats [1] - The investment style includes 20-25 strategies involving options for purposes like hedging, bullish substitutes, neutral trades, trading volatility, and earnings-related trades [1]

Group 1 - The article discusses the investment positions held by the author in specific companies, indicating a long position in SWDBY and SVNLF [1] - It emphasizes the importance of conducting personal due diligence and research before making any investment decisions [2] - The article clarifies that past performance does not guarantee future results and that no specific investment recommendations are being made [3]

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides details on Eversource Energy's Form 8-K filing and its common share listing [Registrant Details](index=1&type=section&id=Registrant%20Details) Eversource Energy (ES) filed a Form 8-K on October 14, 2025, detailing current events. The company's common shares are listed on the New York Stock Exchange - Eversource Energy (ES) filed a **Form 8-K** on **October 14, 2025**[2](index=2&type=chunk) Securities Registered | Title of each class | Trading Symbol | Name of each exchange on which registered | | :--- | :--- | :--- | | Common Shares, $5.00 par value per share | ES | New York Stock Exchange | [Section 2 - Financial Information](index=2&type=section&id=Section%202%20-%20Financial%20Information) This section details Eversource Energy's Q3 2025 financial results and offshore wind liability update [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Eversource Energy issued a news release on October 14, 2025, providing an update on offshore wind liability, including unaudited financial information for the three months ended September 30, 2025. This information is attached as Exhibit 99.1 - Eversource Energy issued a news release on **October 14, 2025**, updating on offshore wind liability and unaudited **Q3 2025** financial information[5](index=5&type=chunk) - The news release is attached as Exhibit 99.1 and incorporated by reference, but the information is not deemed 'filed' with the SEC unless specified[5](index=5&type=chunk)[6](index=6&type=chunk) [Section 8 - Other Events](index=2&type=section&id=Section%208%20-%20Other%20Events) This section outlines post-closing adjustments and increased contingent liability for offshore wind projects [Item 8.01 Other Events](index=2&type=section&id=Item%208.01%20Other%20Events) This section details the post-closing adjustments and increased contingent liability related to the sale of Eversource's interests in the South Fork Wind and Revolution Wind projects to Global Infrastructure Partners (GIP). Revised cost projections for Revolution Wind led to an expected $285 million increase in liability and a net after-tax charge of $75 million in Q3 2025 - Eversource sold its interests in the South Fork Wind and Revolution Wind projects to affiliates of Global Infrastructure Partners (GIP) on **September 30, 2024**[7](index=7&type=chunk) Offshore Wind Contingent Liability Evolution | Date | Liability Amount | | :--- | :--- | | September 30, 2024 (initial) | $365 million | | June 30, 2025 | $296 million | | Q3 2025 (expected increase) | +$285 million | | Q3 2025 (expected net after-tax charge) | $75 million | | Q3 2025 (expected EPS impact) | $0.20 per share | - The **$285 million** increase in liability is due to revised construction cost projections for Revolution Wind, reflecting damage to the installation vessel, insurance costs, and a stop-work order from BOEM[9](index=9&type=chunk) - The expected **$285 million** increase in liability will result in a net after-tax non-recurring charge of approximately **$75 million**, or **$0.20 per share**, in **Q3 2025**, partially offset by a **$210 million** federal tax benefit[11](index=11&type=chunk) - Revolution Wind project completion is still expected in the **second half of 2026**[10](index=10&type=chunk) [Non-GAAP Measures and Forward-Looking Statements](index=3&type=section&id=Non-GAAP%20Measures%20and%20Forward-Looking%20Statements) This section discusses the use of non-GAAP financial measures and outlines key forward-looking statement risks [Non-GAAP Financial Measures Disclosure](index=3&type=section&id=Non-GAAP%20Financial%20Measures%20Disclosure) Eversource uses non-GAAP financial measures to evaluate and present earnings results, excluding non-recurring items such as losses on offshore wind investments, the Aquarion water business sale, land disposition, and certain transaction costs. Management believes these exclusions provide a more meaningful representation of ongoing operating performance - Eversource uses non-GAAP financial measures to evaluate and provide details of earnings results by business, excluding specific non-recurring items[12](index=12&type=chunk) - Excluded items include losses on offshore wind equity method investments, the pending sale of the Aquarion water distribution business, disposition of land for the Northern Pass Transmission project, and certain transaction/transition costs[12](index=12&type=chunk) - Management believes these non-GAAP measures offer a more meaningful representation of financial performance by excluding items not indicative of ongoing costs and performance[12](index=12&type=chunk) [Forward-Looking Statements and Risk Factors](index=4&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) The report contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially. Key risks include cyberattacks, ability to qualify for tax credits, variability in offshore wind project costs, capital market disruptions, economic conditions, regulatory actions, and extreme weather - The report includes forward-looking statements, which are subject to risks and uncertainties that may cause actual results to differ materially[13](index=13&type=chunk) - Key risk factors include cyberattacks, ability to qualify for investment tax credits, variability in offshore wind project costs (Revolution Wind and South Fork Wind), disruptions in capital markets, changes in economic conditions, and regulatory actions[13](index=13&type=chunk) - Eversource encourages readers to consult its SEC filings and website for detailed risk factor disclosures[14](index=14&type=chunk) [Section 9 - Financial Statements and Exhibits](index=5&type=section&id=Section%209%20-%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits filed with the Form 8-K, including the interactive data file [Item 9.01 Financial Statements and Exhibits](index=5&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits filed with the Form 8-K, specifically Exhibit 104, which is the Cover Page Interactive Data File embedded within the Inline XBRL document Exhibits Filed | Exhibit Number | Description | | :--- | :--- | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signature](index=6&type=section&id=Signature) This section confirms the official signing of the report by Eversource Energy's authorized officer [Registrant Signature](index=6&type=section&id=Registrant%20Signature) The report was duly signed on October 14, 2025, by Jay S. Buth, Vice President, Controller, and Chief Accounting Officer of Eversource Energy - The report was signed on **October 14, 2025**, by Jay S. Buth, Vice President, Controller and Chief Accounting Officer of Eversource Energy[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk)

Core Viewpoint - Eversource Energy has increased its liability related to future payments to Global Infrastructure Partners by approximately $285 million as part of the sale of the South Fork Wind and Revolution Wind projects, expected to close on September 30, 2024 [1] Financial Implications - The company anticipates realizing an approximate $210 million federal tax benefit associated with tax losses from the sales of the Offshore Wind Projects [1]

Core Insights - Eversource Energy is recognized as one of the Top 15 Growth Stocks for Long-Term Investors [1] - The company operates as a regulated utility, providing electricity, natural gas, and water services to approximately 4.6 million customers across Connecticut, Massachusetts, and New Hampshire [2] - Eversource Energy has an updated investment plan of $23.7 billion for the 2024–2028 period, focusing on transmission and electric distribution projects, with an expected earnings-per-share growth of 5% to 7% annually [3] Financial Performance - Eversource Energy benefits from a stable and predictable cash flow due to its regulated sector operations, allowing for consistent earnings [4] - The company has successfully raised its dividends for 25 consecutive years, positioning it as a notable dividend aristocrat [4] - As of October 12, the quarterly dividend is $0.7525 per share, resulting in a dividend yield of 4.16% [4]

Company Overview - Eversource Energy (ES) is valued at $23.5 billion and operates as a utility holding company in New England, providing regulated electric, natural gas, and water delivery services to approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire [1][2] Market Position - ES is classified as a "large-cap stock" due to its market capitalization exceeding $10 billion, highlighting its size and influence in the regulated electric utility industry [2] - The company has divested non-core businesses, such as offshore wind and water utilities, which has strengthened its balance sheet and positioned it for stable, long-term growth [2] Stock Performance - Over the past three months, ES shares have gained marginally, underperforming the Utilities Select Sector SPDR Fund (XLU), which returned 5% [3] - Year-to-date, ES shares have risen 10.2%, but this is below XLU's 11.4% increase [4] - Over the past 52 weeks, ES stock has dropped 7.2%, compared to XLU's 6.7% return [4] Recent Developments - On August 25, Eversource shares fell over 4% following the Trump administration's decision to block the construction of Ørsted's Revolution offshore wind project, which exposed the company to liabilities related to its sale to Global Infrastructure Partners [5] - Rival PPL Corporation (PPL) has outperformed ES with a 9.9% gain over the past 52 weeks, although it has lagged behind ES with a 9.7% return year-to-date [5] Analyst Ratings - The stock has a consensus "Moderate Buy" rating from 17 analysts, with a mean price target of $70.77, indicating a potential upside of 11.8% from current price levels [6]