Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 20 May, 26 | ES | Buy | USD 68.81 | USD 72.25 | USD 76.0 | 54 days | Closed |
10.55%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company also operates regulated water utilities that provides water services to residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.
Growth in Operating Income: USD 1,076.1 Mn in Q1FY26 vs USD 926.4 Mn in Q1FY25
Increase in Operating Revenues: USD 4,504.4 Mn in Q1FY26 vs USD 4,118.4 Mn in Q1FY25
Rise in Operations and Maintenance Expenses: USD 507.0 Mn in Q1FY26 vs USD 487.5 Mn in Q1FY25
Increase in Interest Expense: USD 365.3 Mn in Q1FY26 vs USD 300.8 Mn in Q1FY25
Eversource Energy remains exposed to regulatory uncertainties, adverse FERC rulings, rising financing costs, weather-related infrastructure disruptions, and execution risks associated with large-scale capital investment and renewable energy projects
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 68.81 | 62.0 | 72.25 | 76.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Robust Utility Earnings Growth: Eversource Energy reported strong Q1FY26 earnings growth supported by higher transmission and distribution investments, favorable base rate increases, and improved infrastructure recovery mechanisms. GAAP earnings increased to USD 606.8 million, or USD 1.61 per share, compared to USD 550.8 million, or USD 1.50 per share, in Q1FY25. Non-GAAP recurring EPS improved to USD 1.73 from USD 1.50 in the prior-year quarter.
Capital Investment Supports Long-Term Expansion: The company continues to execute a large-scale capital investment strategy focused on grid reliability, energy infrastructure modernization, and load growth opportunities. Eversource maintained its USD 26.5 billion capital investment plan for 2026-2030, with additional incremental investment opportunities of approximately USD 1 billion, supporting its targeted long-term EPS growth range of 5% to 7%.
Operational Strength and Infrastructure Reliability: Eversource demonstrated operational resilience during the February 2026 blizzard, which caused approximately 500,000 outages across its service territory. The company restored service despite severe weather conditions, including 41 inches of peak snowfall and 77 mph peak wind speeds, reinforcing its focus on reliability, customer service, and infrastructure preparedness.
Regulatory and Strategic Progress Enhances Visibility: The company achieved progress on several strategic initiatives, including the PURA approval of the Aquarion sale and continued advancement of the Revolution Wind project, which is approximately 95% complete and expected to achieve commercial operation during the second half of 2026. These initiatives are expected to improve earnings predictability and strengthen balance sheet flexibility over the long term.
Balance Sheet and Financing Position Remain Stable: Eversource strengthened its financial flexibility through disciplined financing activities and credit metric improvements. The company maintained FFO-to-debt levels well above downgrade thresholds at both S&P and Moody’s while completing a USD 1.5 billion hybrid debt offering in February 2026. Management also highlighted flexible financing options to support future investments and debt management objectives.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Eversource Energy (NYSE: ES) at the closing market price of USD 68.81, as on 19 May,2026.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Utilities Industry: Utilities - Regulated Electric
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ES Eversource Energy |
-0.965 1.30% | 73.08 | 14.65 | 13.99 | 1.85 | 1.59 | 4.11 | 10.15 |
| NEE Nextera Energy Inc |
-0.325 0.37% | 87.67 | 15.77 | 17.61 | 4.52 | 2.61 | 7.10 | 12.28 |
| DUK Duke Energy Corporation |
-1.08 0.86% | 124.77 | 20.24 | 18.76 | 3.08 | 1.92 | 5.88 | 11.11 |
| SO Southern Company |
-1.03 1.09% | 93.43 | 25.35 | 17.76 | 2.89 | 2.48 | 5.27 | 13.35 |
| AEP American Electric Power Co Inc |
-1.35 1.03% | 129.70 | 20.01 | 20.79 | 3.28 | 2.30 | 5.52 | 13.07 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on May 20, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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