Stock Rating Downgrade
The Value Trend Rating for Eversource Energy (NYSE: ES) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Eversource Energy (NYSE: ES) stock closed at $66.07 on 8/1/24 after an increase of 1.8%. Moreover, above average trading volume at 123% of normal accompanied the advance. The stock has risen 4.8% 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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Eversource Energy has a good Appreciation Score of 74 but a neutral Power Rating of 48, resulting in the High Neutral Value Trend Rating.
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