Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Eversource Energy (NYSE: ES) improved of late. ES’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Eversource Energy (NYSE: ES) stock closed at $64.94 on 7/29/24 after a modest gain of 0.7%. Moreover, this advance was accompanied by above average trading volume at 120% of normal. The stock has risen 6.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ES is expected to continue to be an important Value Builder.
Eversource Energy has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Eversource Energy has a good Appreciation Score of 74 but a neutral Power Rating of 47, resulting in the Positive Value Trend Rating.
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