Eversource Energy (ES)
Fair ValueFundamental
56
Price
$64.07
Market Cap
$23.84B
Part 1 · What the company is worth
Overview
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company also operates regulated water utilities that provides water services to residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Its Rhode Island Energy subsidiary is the main electric and gas delivery utility in Rhode Island, putting it in the same ISO New England delivery business and the same regional transmission build-out as Eversource.
A Northeast regulated electric and gas delivery utility of comparable scale, competing with Eversource for the same regional transmission projects and for the capital that funds them.
Through United Illuminating and its Connecticut gas utilities it delivers electricity and gas in the same Connecticut towns and New England states as Eversource, and the two bid against each other for regional transmission projects and rate-base growth before the same regulators.
Its US arm delivers electricity and gas to Massachusetts customers next door to Eversource's territory and is the largest gas distributor in the Northeast, competing for the same New England delivery customers and transmission investment.
A smaller regulated electric and gas distributor serving New Hampshire and Massachusetts communities adjacent to Eversource's, competing for the same residential and commercial delivery customers and the same state rate cases.
Balance Sheet & Liquidity
Revenue
$14.00B
Trailing 12 months (through 6/30/2026)
Net Income
$1.46B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$-45M
Total Equity
$16.20B
Total Liabilities
$47.59B
Current Ratio
0.80
Interest Coverage
2.20
Debt/EBITDA
5.47
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$54.77
Current Price
$64.07
Margin of Safety
-17.0%
Fair Value Range
$35.60 - $73.94
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
16.66
ROE
10.5%
P/B Ratio
1.48
P/FCF
81.18
Gross Margin
-
ROIC
4.3%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.3%
WACC
5.5%
ROIC − WACC
-1.2 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (15)
- EPS shows upward trend
- EPS CAGR 5.59%
- P/B Ratio 1.48
- Debt/Equity ratio
- Operating Margin 21.5%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Low reliance on intangibles
- ROE 8.8%
- Revenue Growth 5Y 8.8%
- Earnings Quality (OCF/NI) 3.04
- Net Margin Trend 10.4% vs 6.7%
- Piotroski F-Score 6/9
Failed (11)
- Price CAGR 2.18%
- ROIC 4.3%
- P/FCF 81.18
- CapEx intensity
- Return on Tangible Assets
- Price below Graham Number
- DCF valuation (Overvalued)
- Analyst Consensus 48% Buy
- Earnings Surprise avg -20.4%
- PEG Ratio 3.18
- Share Dilution 3.3%
Unavailable (2)
- Gross Margin NaN%
- Dividend Payout NaN%
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Joseph R. Nolan Jr. | President, CEO & Chairman | 61 |
| Mr. John M. Moreira C.P.A. | Executive VP. CFO & Treasurer | 63 |
| Mr. Paul Chodak III | Executive VP & COO | 61 |
| Mr. Gregory B. Butler Esq., J.D. | Executive VP & General Counsel | 67 |
| Mr. James W. Hunt III, J.D. | Executive VP of Customer Relations & Sustainability and Secretary | 53 |
| Mr. Jay S. Buth | VP, Controller & Chief Accounting Officer | 55 |
| Ms. Rima Hyder | Vice President of Investor Relations | 49 |
| Mr. Duncan R. MacKay J.D. | Chief Compliance Officer & Deputy General Counsel | - |
| Ms. Susan L. Sgroi | Executive VP of Human Resources & Information Technology | 60 |
| Ms. Penelope McLean-Conner | Executive Vice President of Customer Experience & Energy Strategy | 61 |
Audit Risk
7
Board Risk
6
Compensation Risk
7
Shareholder Rights Risk
3
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-17
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-03
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-07-30
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for ES, sourced from Markets Gazette.
- 2/23/2026NEUTRALEversource Raises $1.5 Billion From Its First Hybrid Bonds
Eversource Energy has successfully raised $1.5 billion through its inaugural hybrid bond issuance. The New England-based utility operator will use the proceeds to refinance existing debt, a strategic move aimed at optimizing its capital structure. The issuance of these instruments, which possess characteristics of both debt and equity, demonstrates the company's ability to tap into sophisticated and diversified financing channels. For investors, this action signals proactive financial management. While it doesn't directly affect daily operations, its impact on the balance sheet's strength and future interest expenses will be closely watched. Currently, the market views this as a standard financial maneuver rather than a short-term value catalyst.
via Markets Gazette