Core Viewpoint - Eversource Energy is positioned for steadier growth due to an improving regulatory environment in Connecticut, leading to an upgrade from Bank of America to Buy with a price forecast increase to $85 from $73 [1][6]. Regulatory Environment - Connecticut is experiencing a positive regulatory reset following structural and leadership changes at the Public Utilities Regulatory Authority (PURA) [2]. - The implementation of Senate Bill 4, which expands PURA to five commissioners and allows for the securitization of storm costs, is seen as a significant turning point [3]. - The nomination of four new PURA commissioners by Governor Lamont, described as more balanced and technically experienced, indicates a shift towards stability in regulatory proceedings [4]. Near-Term Catalysts - Key near-term catalysts include the proposed decision on the Aquarion sale and the final order on Yankee Gas, with expectations that Eversource will re-market the segment if the sale is not approved [5]. - The clarity of the balance sheet is expected to unlock further rate base growth, with approximately $3 billion in deferred items being addressed [6]. Financial Projections - Bank of America has raised its earnings outlook for Eversource Energy, projecting 2026 earnings of $5.05 per share, an increase from $4.95, with 2027 and 2028 estimates also raised [6]. - The bank maintains a 5-7% EPS CAGR outlook through 2029, projecting gradual improvement in FFO-to-debt to 14.2% [7]. Valuation - The price forecast of $85 is based on a sum-of-the-parts (SOTP) valuation, applying 2027 average peer price-to-earnings multiples of 16.4x for the electric segment and 16.1x for natural gas, adjusted upward by 5% for expected earnings growth potential [8].

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]

Group 1 - Top Wall Street analysts have revised their outlook on several prominent companies, indicating a shift in market sentiment [1] - The article suggests that investors consider buying CRWD stock, highlighting analysts' positive views on its potential [1]

Core Insights - Eversource Energy has a market capitalization of $26.8 billion and operates in the energy delivery sector across Connecticut, Massachusetts, and New Hampshire, providing electricity, natural gas, and water services [1] Financial Performance - Eversource Energy is expected to report an EPS of $1.06 for fiscal Q3 2025, reflecting a 6.2% decrease from $1.13 in the same quarter last year, although it has consistently met or exceeded Wall Street's estimates in the past four quarters [2] - For fiscal 2025, the projected EPS is $4.75, which is a 3.9% increase from $4.57 in fiscal 2024, with further growth anticipated to $5.02 in fiscal 2026, representing a year-over-year increase of 5.7% [3] Stock Performance - Eversource Energy's stock has increased by 10.5% over the past 52 weeks, which is lower than the S&P 500 Index's gain of 14.7% and the Utilities Select Sector SPDR Fund's increase of 15.3% during the same period [4] - Despite reporting a better-than-expected Q2 2025 EPS of $0.96, the stock experienced a slight decline the following day, attributed to increased losses at the parent and other companies, which rose to $66.5 million from $38.5 million a year earlier due to higher interest expenses related to offshore wind project sales [5] Analyst Ratings - The consensus rating for Eversource Energy's stock is "Moderate Buy," with 17 analysts providing coverage, including six "Strong Buys," eight "Holds," one "Moderate Sell," and two "Strong Sells." The stock is currently trading above the average analyst price target of $71.15 [6]

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]

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]

Core Points - Eversource Energy's Board of Trustees approved a quarterly dividend of $0.7525 per share, payable on September 30, 2025, to shareholders of record as of September 22, 2025 [1] - Eversource is recognized as the 1 U.S. utility on TIME's List of World's Best Companies for 2024, highlighting its corporate citizenship [1] - The company is involved in the transmission and delivery of electricity and natural gas [1]