Eversource gains as BofA upgrades to 'buy'

Eversource Energy

21/10/2025 15:00

** Shares of utility Eversource Energy ES.N up 1.3% at $73.74

** BofA Securities upgrades rating to "buy" from "neutral" on improving regulatory tone and balance sheet clarity

** "We see improving regulatory tone across ES' key jurisdictions, a path to balance sheet clarity, and a ~6% EPS growth through 2029 driving total return potential,"- brokerage

** Brokerage raises PT to $85 from $73 on constructive regulatory tone and policy visibility

** BofA also raises EPS estimates for FY26-27 to $5.05/$5.40 from $4.95/$5.26, respectively

** 8 of 18 brokerages rate the stock "buy" or higher, 7 "hold; and 3 "sell"; median PT is $73.61- data compiled by LSEG

** ES up 28.2% so far this year

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))