BofA Revises Eversource (ES) Estimates Lower, Keeps Buy Rating

2026-04-11 15:09:06

BofA analyst Ross Fowler has lowered Eversource Energy’s price recommendation to $73 from $82, while maintaining a Buy rating on the stock. The revision reflects lower EPS estimates for FY26-28 due to a base ROE drag from Opinion No. 594. Despite slower earnings growth expected in 2026, Eversource anticipates a stronger pickup in 2027 and 2028, supported by regulatory outcomes, storm cost recovery, and distribution rate adjustments.

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