(ES) Eversource Energy - Ratings and Ratios

Eversource Energy (NYSE:ES), a public utility holding company, operates as a diversified energy delivery firm serving over 4 million customers across Connecticut, Massachusetts, and New Hampshire. The companys operations are segmented into Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. Beyond its core services, Eversource invests in solar power facilities and renewable energy projects, contributing to grid modernization and sustainability efforts. Its water utilities provide essential services to residential, commercial, and municipal customers, ensuring reliable water supply for various needs. Formerly known as Northeast Utilities, the company rebranded as Eversource Energy in April 2015 to reflect its expanded focus on diverse energy solutions. Headquartered in Springfield, Massachusetts, Eversource has been a key player in the energy sector since its incorporation in 1927. Web URL: https://www.eversource.com

3-Month Forecast: Based on the provided data, Eversource Energys stock is expected to trade within a range of $54 to $60 over the next three months. The stock is currently below its 20-day, 50-day, and 200-day moving averages, indicating a bearish trend. However, the forward P/E ratio of 12.02 suggests potential undervaluation. The Average True Range (ATR) of 1.73 indicates moderate volatility. Support levels are likely to hold around $54, while resistance may be encountered at $60. The stocks current price of $56.38 is near the lower end of this range, suggesting limited downside risk but also limited upside potential in the near term.