Eversource Energy (ES): Evaluating Valuation After Strong Q3 Results and Upbeat Growth Guidance

Eversource Energy (ES) just posted their third quarter results, showing clear progress compared to last year. Earnings and sales are up, and management has reiterated their expectations for steady growth through the end of 2025.

See our latest analysis for Eversource Energy.

Eversource Energy’s share price has climbed an impressive 27.8% year-to-date after a stretch of strong returns, with positive earnings and upbeat guidance helping to fuel renewed investor optimism. Over the past year, the company delivered a total shareholder return of 24.3%. Momentum appears to be building as management stays focused on long-term growth despite a few operational challenges and recent insider selling.

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With shares climbing rapidly on robust results and confident guidance, the big question now is whether Eversource’s recent gains leave room for upside or if the market has already priced in the company’s growth prospects.

Most Popular Narrative: 3% Undervalued

Eversource Energy’s most widely followed narrative puts fair value at $75.60, just above its last close of $73.30. Analysts see a slight positive spread, with confidence in performance momentum but uncertainty over whether all future growth is already in the price.

Positive legislative and regulatory developments, such as the passage of Senate Bill 4 in Connecticut and constructive rate case outcomes in both New Hampshire and Massachusetts, are enhancing visibility for cost recovery and capital deployment. This supports long-term earnings and cash flow stability.

Read the complete narrative.

Want to know what underpins this valuation? The full narrative reveals which major growth assumptions—covering margins, rising revenue, and a multi-year profit target—are moving the goalposts for Eversource’s fair value call. Only the boldest projections made the cut. Ready to see which bets analysts are making?

Result: Fair Value of $75.60 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, continued regulatory uncertainty in Connecticut or further delays in key asset sales could present challenges to Eversource's ability to deliver the projected long-term earnings growth.

Find out about the key risks to this Eversource Energy narrative.

Build Your Own Eversource Energy Narrative

If you see things differently, or want to dig into the numbers on your own terms, you can build your own perspective in just a few minutes by using Do it your way.

A great starting point for your Eversource Energy research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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