Eversource's Offshore Wind Lessons Have Created A Buying Opportunity [Seeking Alpha]
Eversource Energy (D/B/A) (ES)
Last eversource energy (d/b/a) earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
eversource.com/content/general/about/investors
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Source: Seeking Alpha
Its dividend has consistently grown for 24 years at a rate that can offset inflation's impact on its purchasing power. To Wall Street, ES 'bad news has been good news' with ensuing upgrades. Eversource Energy ( NYSE: ES ) may be offering investors a classic "reversion to the mean" opportunity. After 5+ years of attempting to be an early-stage renewable energy player, the utility has officially joined the list of companies who are learning from their aspirational clean energy efforts. Hertz's recent decision to sell 20,000 electric vehicles and replace them with gas-powered cars is an example of a company on that list. In Eversource's case, it is the offshore wind business that has taught the utility the costly challenge of early adoption. In turn, the utility is selling its 3 offshore wind projects and making a full exit from the offshore wind business. The price tag to end the offshore wind projects' drag on both earnings and ES's share price was close to $2B, roughly 10% of its
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ES
News
- Eversource Energy (ES) to Report Q1 Earnings: What's in Store? [Yahoo! Finance]Yahoo! Finance
- Here's Why It's Unlikely That Eversource Energy's (NYSE:ES) CEO Will See A Pay Rise This Year [Yahoo! Finance]Yahoo! Finance
- Eversource Energy (NYSE: ES) had its price target lowered by analysts at Scotiabank from $61.00 to $57.00. They now have a "sector perform" rating on the stock.MarketBeat
- Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise Wind [Yahoo! Finance]Yahoo! Finance
- Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise WindBusiness Wire
ES
Earnings
- 2/13/24 - Miss
ES
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form 424B5
- 4/15/24 - Form FWP
- ES's page on the SEC website