Eversource Energy Projects Strong Growth With 2026 Outlook
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Eversource Energy ( (ES) ) has provided an update.
Eversource Energy reported sharply higher results for 2025 on February 12, 2026, with GAAP earnings rising to $1.69 billion, or $4.56 per share, from $811.7 million, or $2.27 per share, in 2024, while non-GAAP recurring earnings improved to $1.77 billion, or $4.76 per share, from $1.63 billion, or $4.57 per share. The rebound reflects the absence of large 2024 losses tied to offshore wind divestitures and the pending Aquarion Water sale, alongside solid segment performance led by transmission, higher electric and gas distribution revenues from base rate increases, and stable water earnings.
Fourth-quarter 2025 earnings climbed to $421.3 million, or $1.12 per share, compared with $72.5 million, or $0.20 per share, a year earlier, with non-GAAP fourth-quarter earnings also up, highlighting improved operations across the utility portfolio despite customer credits, penalties and higher costs. Management outlined a more growth-oriented profile as a pure-play regulated utility, issuing 2026 earnings guidance of $4.80–$4.95 per share, projecting 5–7 percent annual EPS growth through 2030, unveiling a larger $26.5 billion five-year capital plan focused on electric and gas networks, and signaling $800 million to $1.1 billion of equity issuance over 2026–2030 to support the expanded investment program and balance sheet strength.
The most recent analyst rating on (ES) stock is a Hold with a $74.00 price target. To see the full list of analyst forecasts on Eversource Energy stock, see the ES Stock Forecast page.
Spark’s Take on ES Stock
According to Spark, TipRanks’ AI Analyst, ES is a Neutral.
Eversource Energy’s overall stock score reflects a mix of solid operational performance and strategic investments, offset by financial risks due to high leverage and cash flow challenges. The technical analysis indicates a bearish trend, while the valuation remains reasonable with a strong dividend yield. The earnings call provided positive guidance, but regulatory challenges and liability concerns are notable risks.
To see Spark’s full report on ES stock, click here.
More about Eversource Energy
Eversource Energy (NYSE: ES) is a regulated utility serving New England, providing electric transmission and distribution, natural gas distribution, and water services. The company is increasingly focused on core regulated utility operations, supporting regional load growth and clean energy objectives through extensive investment in its electric and gas infrastructure.
Average Trading Volume: 2,656,557
Technical Sentiment Signal: Buy
Current Market Cap: $26B
For an in-depth examination of ES stock, go to TipRanks’ Overview page.
