Company StrategyAnalyst upgrades Eversource to Buy from Neutral, viewing the strategic divestiture of offshore wind projects as a step toward a stronger financial position through becoming a pure-play regulated utility.
Operational EfficiencyEversource's proactive steps to mitigate construction risks at the Revolution project are anticipated to minimize cost overruns, enhancing investor confidence and supporting the stock's positive sentiment.
ValuationEversource shares trade at a notable discount compared to peers, suggesting an attractive valuation with room for a potential increase as it transforms into a pure-play, regulated utility.