Eversource Energy (ES) Price Target Raised by Goldman Sachs

Eversource Energy (NYSE:ES) is included among the 10 Best Renewable Energy Dividend Stocks to Buy Now.

Eversource Energy (NYSE:ES) operates New England’s largest energy delivery system and serves customers in Connecticut, Massachusetts, and New Hampshire.

Eversource Energy (NYSE:ES) received a lift on November 10 when Goldman Sachs analyst Carly Davenport raised the stock’s price target from $79 to $80, while maintaining a ‘Buy’ rating on its shares.

Eversource Energy (NYSE:ES) reported strong results for its third quarter on November 4, beating estimates in both profits and revenue, helped by higher rates for its services. The company reported earnings of $367.5 million during Q3, compared to a loss of $118.1 million in the same period last year. Eversource’s revenue also grew by over 5% YoY to $3.22 billion.

Eversource Energy (NYSE:ES) remains focused on growth and reaffirmed its 5-year capital plan of $24.2 billion through 2029. Moreover, the company narrowed its adjusted profit forecast for FY 2025 to $4.72 to $4.80 per share, compared to its original guidance range of $4.67 to $4.82 per share. It also expects its EPS compound growth rate within the range of 5% to 7% from a 2024 base of $4.57 per share.

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