Eversource Energy

Eversource Energy

Electricity and natural gas utility provider

Overview

Eversource Energy delivers electricity and natural gas to about 4.3 million customers in Connecticut, Massachusetts, and New Hampshire through a regulated utility model. It operates transmission and distribution networks and also develops clean-energy projects such as offshore wind and solar, plus grid modernization and energy-efficiency programs to help customers save. The company combines regulated utility services with active clean-energy development to stabilize prices while expanding renewable projects in its service area, and it is pursuing carbon neutrality by 2030. Its goal is to provide affordable, reliable energy while modernizing the grid and growing clean-energy generation.

Funded Recently

About Eversource Energy

Simplify's Rating
Why Eversource Energy is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Energy

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Springfield, Illinois

Founded

1966

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Simplify's Take

What believers are saying

  • Rate base growth from Massachusetts and Connecticut supports earnings expansion.
  • Large underground transmission projects in Hartford and Cambridge expand regulated asset base.
  • Grid reliability and storm restoration spending remain essential across Eversource's aging service territory.

What critics are saying

  • FERC cut New England transmission ROE to 9.57%, reducing returns immediately.
  • The X-178 project faces complaints from Maine and other states, threatening approval.
  • Neighborhood-scale underground construction invites delays, backlash, and cost overruns through 2027.

What makes Eversource Energy unique

  • Regulated transmission and distribution across Connecticut, Massachusetts, and New Hampshire anchors predictable cash flows.
  • Eversource is investing in underground grid modernization for dense New England load centers.
  • Its Connecticut leadership is locally embedded, with Don Scacco taking over July 6.

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Stock Price

Company News

Business West
May 15th, 2026
Eversource recognized by VETS Indexes with prestigious 5 Star Employer Award.

Eversource recognized by VETS Indexes with prestigious 5 Star Employer Award. BOSTON - In recognition of its year-round dedication to prioritizing veterans in the workplace, Eversource has been named one of the nation's top veteran employers by VETS Indexes for the third year in a row. This year, the energy company has been honored with VETS Indexes' prestigious 5 Star Employer Award - the highest award level offered by the organization. This distinction highlights Eversource's unwavering commitment to veteran employment and achievements in recruiting, retaining, and developing both veterans and the military-connected community. "We're deeply honored to be named a 5 Star Employer by VETS Indexes and to again receive this esteemed national recognition for supporting our veteran employees, who play a vital role on our team and whose talents translate seamlessly to our mission of delivering safe, reliable power to millions of customers across the three states we serve," said Susan Sgroi, Eversource's executive vice president of Human Resources and Information Technology. "We have more than 830 veterans who work at Eversource, representing all branches of the U.S. military, and every day we see how their service-oriented work ethic, strong leadership abilities, and high integrity bring an unmatched dynamic to our workforce, resulting in direct benefits for our customers and communities," she added. "From our country to our company, our nation's heroes have made immense contributions through their service to the public, and we take great pride in being able to provide them with specialized support, resources, and development that will help advance their professional careers." Added Nicholas Antaki, president of VETS Indexes, "Eversource Energy has demonstrated meaningful and measurable support for veterans and the military-connected community through its commitment to building opportunities for those who served. Employers like Eversource continue to set the standard and help drive the future of veteran employment forward, and we want to congratulate them for their remarkable progress in creating a welcoming and empowering workplace for veterans across New England."

Gray Television
Apr 21st, 2026
Hartford's West End braces for traffic disruptions from $315 million Eversource project.

Hartford's West End braces for traffic disruptions from $315 million Eversource project. Published: Apr. 21, 2026 at 1:26 PM PDT | Updated: 4 hours ago HARTFORD, Conn. (WFSB) - Hartford's West End is bracing for a summer of road closures, detours and lane closures as part of a $315 million underground project to upgrade the city's electric grid. The bulk of the work in the neighborhood starts May 4 and will last two to three months. Eversource is replacing 52-year-old transmission lines with more advanced cables to boost the electric grid. The work is mostly underground. Drivers will see road closed signs, detours and lane closures. Construction and noise will detour drivers from popular thoroughfares to quiet neighborhood streets. Janet Morrison has lived in the West End for nine years. She said the project is necessary but will be inconvenient. "At rush hour you'll see more traffic through the neighborhood on what are normally quieter streets due to the detours that have been set up," Morrison said. Morrison said drivers often ignore stop signs when detoured through the neighborhood. "The bad thing about that is a lot of people don't pay attention to the stop signs when they're in the neighborhood and they just go through fast, so that part is disconcerting," she said. The project will reach an already congested stretch of Asylum Avenue at Scarborough and Whitney streets. An Eversource spokesperson said the project "will enhance the safety and reliability of the electric system and increase its capacity to meet current and future energy demand in the Hartford area." Eversource is replacing nearly seven miles of transmission lines. The company said it has been in talks with residents since 2023 to minimize the impact to the neighborhood. The massive underground project began last April and is expected to end in the middle of 2027.

Yahoo Finance
Apr 1st, 2026
Governance rift and Ariel fund exit sharpen scrutiny of Eversource Energy's operations

Eversource Energy faces governance tensions after filing a proxy statement opposing separation of Chairman and CEO roles, while Ariel Investments' Global Fund exited its position citing operational headwinds and weakening indicators. The exit followed earlier expectations tied to asset divestitures and an offshore wind project. Despite the fund exit, Eversource reaffirmed 2026 earnings guidance of $4.80 to $4.95 per share alongside its 2025 results. However, Ariel's concerns raise questions about the company's ability to meet targets amid regulatory, financing and execution risks. The company's narrative projects $14.8 billion revenue and $2.1 billion earnings by 2028, requiring 4.4% yearly revenue growth. Some analysts expect higher figures near $17 billion revenue and $2.2 billion earnings, though governance disputes and operational concerns may prompt investors to reassess these projections.

Choate Rosemary Hall
Mar 9th, 2026
Eversource Energy raises $1.5B through public offering of junior subordinated notes

Choate represented underwriters in a $1.5 billion public offering of Series A and Series B junior subordinated notes by Eversource Energy. The underwriting group was led by Barclays Capital, Bank of America Securities, Citigroup Global Markets, J.P. Morgan Securities, Morgan Stanley, and MUFG Securities Americas. Choate serves as designated underwriters' counsel for Eversource Energy.

Insider Monkey
Feb 25th, 2026
TD Cowen Maintains a Hold Rating on Eversource Energy (ES)

TD Cowen maintains a Hold rating on Eversource Energy (ES). Published on February 25, 2026 at 10:33 pm by fatima gulzar in news. Eversource Energy (NYSE:ES) is among the Best Utility Stocks. On February 19, 2026, TD Cowen boosted Eversource Energy (NYSE:ES)'s price objective to $77 from $74, maintaining a Hold rating. TD Cowen said the 2026 EPS estimate fell short of expectations, but management predicted 5%-7% long-term EPS growth beginning in 2027. The outlook is partially supported by storm cost securitization and identifies 2027 as a potential turning point, noting regulatory reform needs in Connecticut and Massachusetts. On February 13, 2026, Reuters reported that Eversource Energy (NYSE:ES)'s fourth-quarter profit climbed to $421.3 million, or $1.12 per share, from $72.5 million, or $0.20 per share, the previous year. The company achieved $123.6 million in natural gas earnings as opposed to $103.4 million last year and forecasts 2026 EPS of $4.80 to $4.95, compared to the LSEG consensus of $4.97. The firm lifted its five-year capital plan to $26.5 billion from $24.2 billion and anticipates $800 million to $1.1 billion in equity issuance between 2026 and 2030. Eversource Energy (NYSE:ES) generates, transmits, and distributes natural gas and electricity. It operates in five segments: electric distribution, electric transmission, natural gas distribution, water distribution, and other. While we acknowledge the potential of ES as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ES and that has a 100x upside potential, check out our report about the cheapest AI stock.

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