Eversource Energy (ES)
NYSEUtilitiesRegulated ElectricSnapshot 2026-11-04
$70.46+2.07%
Close 2026-11-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-11-04
QuarterlyIQ Insights · ES
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 12.4% |
| Our one-year growth estimate | diamond | 1.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to real (inflation-adjusted) rates and long-term interest rates.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 10.5 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 19 industry peers · Company calendar date is not available
ES — earnings miss
Dated 2026-11-04
Results of Operations and Financial Conditions. On November 4, 2026, Eversource Energy issued a news release announcing its unaudited results of operations for the third quarter and nine months ended September 30, 2026, and related financial information for certain of its subsidiaries as of and for the same period. A copy of the news release and related unaudited financial report are attached as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference thereto. The inform…
Why it matters: A higher allowed rate could lift transmission earnings. A denial or delay leaves the 9.57% rate in place.
Watch forFERC approves the proposed 11.39% rate, or grants it on a subject-to-refund basis.
Also watch forFERC rejects the 11.39% proposal, or the rate remains at 9.57% without a new order.
Why it matters: Rate increases and system spending lifted electric and gas earnings in the first half. A reversal would weaken that support.
Watch forIn Q3, electric and natural gas distribution earnings top their Q3 2025 levels.
Also watch forIn Q3, either segment earns less than its Q3 2025 level, with no offsetting growth in the other.
Why it matters: The sale closed, but the balance-sheet benefit depends on using net proceeds to pay down debt.
Supportive ifEversource reports that about $1.7 billion in net equity proceeds went to pay down debt. Debt or leverage is lower afterward.
Worry ifEversource reports that the proceeds did not reduce debt, or debt or leverage rises despite their use.
Why it matters: This tests whether Eversource can meet its lower 2026 earnings range after the FERC ruling and Aquarion sale.
Watch forAt the next earnings report, Eversource reaffirms $4.57–$4.72 in 2026 recurring EPS guidance and reports results on pace for that range.
Also watch forEversource cuts the $4.57–$4.72 range, or reports results that put the range out of reach.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$75 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $235 loss on $10,000 · 2.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,608 loss on $10,000 · 16.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The five-year plan calls for large investments in electric and gas systems. Spending and earnings results can show whether work is moving ahead.
Watch forEversource reports that 2026 investment spending is on pace with its $26.5 billion 2026–2030 plan. It also gives project updates.
Also watch forEversource cuts or delays the plan, or reports spending well below its stated pace.