Eversource Energy (NYSE: ES) is a leading utility company serving over 4 million customers in Connecticut, Massachusetts, and New Hampshire. It focuses on delivering reliable electricity, natural gas, and water services while advancing clean energy initiatives in the region.
Key Takeaways:
- Eversource Energy stock is expected to show steady growth over the next three decades.
- The company’s focus on clean energy initiatives and infrastructure improvements may drive future value.
- Long-term investors could potentially see significant returns by 2050.
- Regulatory changes and economic factors will play a crucial role in shaping the stock’s performance.
- Our forecasts suggest a compound annual growth rate (CAGR) that outpaces inflation.
Overview of Eversource Energy
Eversource Energy, established in 1966, began as a holding company for electric utilities in Connecticut, Massachusetts, and New Hampshire. Its growth trajectory included mergers and acquisitions, notably the 2012 NSTAR merger.
In 2015, the company rebranded from Northeast Utilities to Eversource Energy, changing its stock symbol to “ES”. This move signaled a renewed focus on reliable energy provision and customer service excellence.
Now a Fortune 500 company, Eversource Energy is headquartered in Hartford and Boston. It serves about 4 million customers through its regulated subsidiaries, offering electricity, natural gas, and water services.
Eversource Energy Company Profile
| Country | United States |
| Ticker Symbol | ES |
| Exchange | NYSE |
| Founded | 1966 |
| IPO Date | 1984 |
| Industry | Utilities – Regulated Electric |
| Sector | Utilities |
| Employees | 4,550 |
| CEO | Joseph R. Nolan Jr. |
| Market Cap (August 22, 2024) | $23.78 billion |
| Website | eversource |
Eversource Energy (ES) Balance Sheet Analysis
Eversource Energy (NYSE: ES) reported total assets of $55.6 billion as of December 31, 2023, up from $53.2 billion in 2022. Total liabilities increased to $41.3 billion from $37.6 billion, while total equity decreased to $14.3 billion from $15.6 billion year-over-year.
The company’s common stock equity declined to $14.2 billion from $15.5 billion. Total debt rose to $26.8 billion, with net debt at $26.7 billion, indicating increased leverage compared to 2022.
Working capital remained negative at -$2.1 billion but improved from -$2.6 billion in the previous year. Invested capital grew to $40.9 billion from $38.4 billion in 2022.
These figures reflect Eversource’s ongoing investments and financial strategy in the energy sector. The company maintained a strong asset base and increased capitalization, despite decreases in equity and increases in debt, highlighting its dynamic approach to financial management in 2023.
Balance Sheet Data Source: finance.yahoo
Eversource Energy Stock Price History
Eversource Energy (NYSE: ES) had its IPO in the year 1984. Eversource Energy (NYSE: ES) reached its all-time high on February 20, 2020, with a price of $99.42.
As of August 21, 2024, the stock price stands at $66.53.
ES Stock Price Forecast 2024
For the remainder of 2024, we anticipate Eversource Energy stock to experience moderate growth. The company’s ongoing investments in renewable energy projects and grid modernization are expected to bolster investor confidence. We project a potential increase of 10-12% from the current price.
Eversource Energy’s focus on expanding its clean energy portfolio, including offshore wind projects, could significantly impact its stock performance. The company’s commitment to reducing carbon emissions and improving energy efficiency may attract environmentally conscious investors, potentially driving up demand for the stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $53.18 | $74.51 | $86.49 |
ES Stock Price Forecast 2025
In 2025, Eversource Energy is poised to continue its upward trend. We expect the stock to grow by approximately 11-13% compared to 2024. This growth may be driven by the company’s expanding renewable energy portfolio and improved operational efficiencies.
The company’s investments in smart grid technologies and digital transformation initiatives are likely to enhance its operational efficiency. These improvements could lead to cost savings and increased profitability, potentially attracting more investors and driving up the stock price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $81.23 | $84.20 | $107.78 |
ES Stock Price Forecast 2026
The year 2026 could see Eversource Energy stock further solidifying its position. Our analysis suggests a potential growth of 12-14% from 2025. The company’s commitment to sustainable practices and customer-centric approach may contribute to this positive outlook.
Eversource Energy’s expansion into electric vehicle (EV) charging infrastructure could prove to be a significant growth driver. As EV adoption increases, the company’s strategic positioning in this market may lead to new revenue streams and enhanced investor interest.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $90.98 | $96.03 | $134.44 |
ES Stock Price Forecast 2027
As we move into 2027, Eversource Energy stock is expected to maintain its growth momentum. We project an increase of 13-15% compared to 2026. The company’s strategic acquisitions and expansion into new markets could be key drivers for this growth.
The company’s ongoing efforts to strengthen its transmission and distribution infrastructure may result in improved reliability and customer satisfaction. These improvements could lead to favorable regulatory outcomes and potentially higher returns for investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $102.81 | $110.43 | $165.65 |
ES Stock Price Forecast 2028
In 2028, we anticipate Eversource Energy stock to continue its ascent. Our forecast suggests a growth rate of 14-16% from 2027. The company’s focus on innovation and technological advancements in energy distribution may contribute to this positive trend.
Eversource Energy’s investments in energy storage solutions could play a crucial role in its future growth. As renewable energy integration becomes more complex, the company’s ability to provide reliable storage solutions may give it a competitive edge in the market.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $117.20 | $128.10 | $204.96 |
ES Stock Price Forecast 2029
The year 2029 could mark a significant milestone for Eversource Energy stock. We project a potential growth of 10-12% compared to 2028. The company’s efforts in grid resilience and clean energy adoption may play a crucial role in driving this growth.
The company’s continued focus on cybersecurity and grid resilience could become increasingly important to investors. As the energy sector faces growing cyber threats, Eversource Energy’s proactive approach to protecting its infrastructure may enhance its reputation and investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $128.92 | $143.47 | $245.95 |
ES Stock Price Forecast 2030
As we enter the new decade, Eversource Energy stock is expected to maintain its strong performance. Our analysis indicates a possible growth of 11-13% from 2029. The company’s long-term strategies and market positioning could contribute to this continued upward trend.
Eversource Energy’s potential expansion into emerging technologies such as hydrogen fuel cells or advanced nuclear reactors could open up new growth opportunities. The company’s ability to stay at the forefront of energy innovation may positively influence investor perceptions and stock valuation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $143.10 | $162.12 | $300.07 |
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ES Stock Price Forecast 2031
In 2031, we anticipate Eversource Energy stock to show robust growth. Our projections suggest an increase of 12-14% compared to 2030. The company’s investments in smart grid technologies and renewable energy sources may be key factors in this growth.
Eversource Energy’s continued focus on grid modernization and automation could lead to significant operational efficiencies. The implementation of advanced analytics and AI-driven predictive maintenance may result in reduced downtime and improved service reliability, potentially enhancing customer satisfaction and regulatory support.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $160.27 | $184.82 | $369.09 |
ES Stock Price Forecast 2032
The year 2032 could see Eversource Energy stock reaching new heights. We forecast a potential growth of 13-15% from 2031. The company’s expanding customer base and improved operational efficiency may contribute to this positive outlook.
By 2032, Eversource Energy may have significantly expanded its renewable energy portfolio, potentially becoming a leader in offshore wind energy production. This focus on clean energy could attract environmentally conscious investors and potentially lead to favorable regulatory treatment, boosting the company’s financial performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $181.11 | $212.54 | $457.67 |
ES Stock Price Forecast 2033
As we move further into the future, Eversource Energy stock is expected to maintain its growth trajectory. Our analysis indicates a possible increase of 10-12% compared to 2032. The company’s adaptation to evolving energy market trends could be a significant driver for this growth.
Eversource Energy’s potential ventures into energy storage technologies and grid-scale battery solutions may open up new revenue streams. The ability to efficiently store and distribute renewable energy could become a key competitive advantage, potentially leading to increased market share and investor interest.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $199.22 | $238.04 | $549.20 |
ES Stock Price Forecast 2034
In 2034, we project Eversource Energy stock to continue its upward trend. Our forecast suggests a growth rate of 11-13% from 2033. The company’s focus on sustainability and environmental stewardship may contribute to its increasing value.
The company’s investments in electric vehicle (EV) infrastructure may start to yield significant returns by 2034. As EV adoption reaches mainstream levels, Eversource Energy’s strategic positioning in charging infrastructure could lead to substantial revenue growth and increased investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $221.13 | $268.99 | $664.53 |
ES Stock Price Forecast 2035
The year 2035 could be another milestone for Eversource Energy stock. We anticipate a potential growth of 12-14% compared to 2034. The company’s innovative approaches to energy distribution and storage may play a crucial role in driving this growth.
By 2035, Eversource Energy may have fully integrated advanced technologies like blockchain for peer-to-peer energy trading and IoT for smart home energy management. These innovations could position the company as a technology leader in the utility sector, potentially attracting tech-savvy investors and driving stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $247.67 | $306.65 | $811.73 |
ES Stock Price Forecast 2036
As we look ahead to 2036, Eversource Energy stock is expected to maintain its strong performance. Our analysis indicates a possible increase of 13-15% from 2035. The company’s strategic partnerships and technological advancements could contribute to this continued upward trend.
Eversource Energy’s potential expansion into new geographical markets or related business sectors could drive growth in 2036. The company might explore opportunities in water management or telecommunications infrastructure, leveraging its existing expertise in utility management to diversify its revenue streams.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $279.87 | $352.65 | $1,006.55 |
ES Stock Price Forecast 2037
In 2037, we project Eversource Energy stock to show robust growth. Our forecast suggests a growth rate of 10-12% compared to 2036. The company’s expansion into new markets and diversification of energy sources may be key factors in this growth.
The company’s long-term investments in grid resilience and cybersecurity may pay off significantly by 2037. As climate change impacts become more pronounced, Eversource Energy’s ability to maintain reliable service in extreme weather conditions could become a key differentiator, potentially boosting investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $307.86 | $394.97 | $1,207.86 |
ES Stock Price Forecast 2038
The year 2038 could see Eversource Energy stock reaching new heights. We anticipate a potential growth of 11-13% from 2037. The company’s commitment to customer satisfaction and operational excellence may contribute to this positive outlook.
By 2038, Eversource Energy may have fully embraced the concept of “Energy-as-a-Service,” offering customized energy solutions to businesses and communities. This shift in business model could open up new revenue streams and potentially position the company as an innovator in the utility sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $341.72 | $446.32 | $1,461.51 |
ES Stock Price Forecast 2039
As we approach the end of the 2030s, Eversource Energy stock is expected to maintain its growth momentum. Our analysis indicates a possible increase of 12-14% compared to 2038. The company’s ability to adapt to changing regulatory environments could be a significant driver for this growth.
Eversource Energy’s potential leadership in integrating emerging technologies like fusion power or advanced geothermal energy could set it apart from competitors by 2039. The company’s ability to stay ahead of the curve in adopting breakthrough energy technologies may significantly enhance its market position and stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $382.73 | $508.80 | $1,779.04 |
ES Stock Price Forecast 2040
In 2040, we project Eversource Energy stock to continue its impressive performance. Our forecast suggests a growth rate of 13-15% from 2039. The company’s long-term vision and strategic investments may contribute to its increasing value.
By 2040, Eversource Energy may have transformed into a fully integrated, tech-driven energy solutions provider. The company’s potential role in developing smart cities, managing complex energy ecosystems, and pioneering new energy technologies could position it as a global leader in sustainable infrastructure, potentially driving significant stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $432.48 | $585.12 | $2,170.43 |
ES Stock Price Forecast 2050
Looking ahead to 2050, we anticipate Eversource Energy stock to have experienced significant growth over the three decades. Our long-term projection suggests that the stock could reach an average price of $2,400 by 2050. This represents a compound annual growth rate (CAGR) of approximately 12.5% from 2024 to 2050.
By 2050, Eversource Energy may have transformed into a fully integrated clean energy provider, potentially expanding beyond its current geographical boundaries. The company’s long-term vision and ability to adapt to evolving energy landscapes could position it as a leader in sustainable energy solutions, potentially attracting a diverse global investor base.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $2,160.00 | $2,400.00 | $3,120.00 |
Conclusion
Our comprehensive analysis of Eversource Energy (NYSE: ES) stock price forecasts from 2024 to 2050 paints a picture of steady and substantial growth. We project the stock to an average of $2,400 by 2050, representing a remarkable CAGR of 12.5%.
FAQs
1. What is the future of ES share price?
Our forecast suggests a generally positive outlook for Eversource Energy’s share price. We project steady growth over the coming decades, with the stock potentially reaching an average price of $2,400 by 2050. This represents a compound annual growth rate (CAGR) of approximately 12.5% from 2024 to 2050.
2. What is the ES share prediction for 2030?
According to our forecast, by 2030, we expect Eversource Energy’s stock to reach the following price levels:
- Low Price: $143.10
- Average Price: $162.12
- High Price: $300.07
3. What is the ES 10 year outlook?
Our 10-year outlook for Eversource Energy (from 2024 to 2034) shows continued growth. We project the stock to increase from $74.51 in 2024 to $268.99 in 2034. This growth is expected to be driven by the company’s investments in renewable energy, grid modernization, and expansion into new markets.
4. Is ES a buy, hold, or sell?
We believe ES could be considered a “Buy” or “Hold” for long-term investors. ES’s investments in renewable energy and grid modernization align with global trends towards sustainability. As the largest utility in New England, ES has a stable customer base and regional dominance.
5. Who are the major competitors of ES?
Eversource Energy (NYSE: ES) primary business is the transmission and distribution of electricity and natural gas. The major competitors of Eversource Energy include:
- National Grid plc (NYSE: NGG)
- Operations: National Grid is a British multinational company that operates in the U.S., primarily in the Northeast. It provides electricity and natural gas to millions of customers in New York, Massachusetts, and Rhode Island.
- Competition: They compete directly with Eversource in Massachusetts and Rhode Island.
- Avangrid, Inc. (NYSE: AGR)
- Operations: Avangrid is another significant utility company in the northeastern U.S., serving customers in New York and New England. It is a subsidiary of the Spanish company Iberdrola.
- Competition: Avangrid competes with Eversource in the transmission and distribution of electricity and natural gas in the New England area.
- Consolidated Edison, Inc. (NYSE: ED)
- Operations: Consolidated Edison is a major utility provider in New York City and the surrounding area.
- Competition: While primarily focused on New York, Con Edison competes with Eversource in the broader regional market for energy services, especially in terms of grid reliability and energy efficiency initiatives.
- Unitil Corporation (NYSE: UTL)
- Operations: Unitil is a smaller utility company operating in New Hampshire, Massachusetts, and Maine.
- Competition: While smaller, Unitil competes with Eversource in specific regions, particularly in New Hampshire.
- Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG)
- Operations: PSEG is a utility company primarily operating in New Jersey, but it has significant energy assets in the Northeast.
- Competition: PSEG competes with Eversource in the energy generation and distribution sectors, especially with regards to renewable energy initiatives and grid modernization.
- NextEra Energy, Inc. (NYSE: NEE)
- Operations: NextEra is one of the largest utility companies in the U.S., with a strong presence in renewable energy.
- Competition: Although NextEra operates more extensively in the southeastern U.S., its growing presence in the renewable energy sector positions it as a competitor to Eversource, especially as both companies push for greater renewable energy integration.
These competitors vary in size, market focus, and regional presence, but they all vie for market share in the energy distribution and transmission sectors in the northeastern U.S.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
