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The upgrade and positive regulatory environment significantly enhance ES’s growth potential. Historical examples show utility stocks benefit from favorable regulatory shifts, improving investor sentiment.
What happened, with direct paths to the underlying reporting
Bank of America upgrades Eversource Energy to Buy, raising price forecast to $85. Positive regulatory changes in Connecticut are enhancing Eversource’s growth outlook. Earnings estimates for 2026-2028 have been increased, indicating stronger future performance. Near-term catalysts include the proposed Aquarion sale decision and Yankee Gas final order. Eversource is approaching a cleaner balance sheet with improved funding flexibility.
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