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Eversource Energy - ES STOCK NEWS

Welcome to our dedicated news page for Eversource Energy (Ticker: ES), a resource for investors and traders seeking the latest updates and insights on Eversource Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eversource Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eversource Energy's position in the market.

Rhea-AI Summary
New York State selects Ørsted and Eversource for the Sunrise Wind offshore wind farm, aiming to create jobs and aid in meeting climate goals. The 924-megawatt project is set to be operational in 2026, bringing economic benefits and clean power to New Yorkers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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none
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Rhea-AI Summary
Eversource and Ørsted's Sunrise Wind project wins New York 4 solicitation, promising economic growth and job creation. Eversource to sell 50% stake to Ørsted, reducing risk exposure. Project set to be the largest US offshore wind farm by 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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none
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Rhea-AI Summary
Eversource Energy reports a full-year 2023 loss of $(442.2) million, announces exploration of sale of water distribution business, and projects 2024 non-GAAP earnings of $4.50-$4.67 per share. The company plans to exit its offshore wind business and potentially sell its water distribution business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.7%
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none
Rhea-AI Summary
Eversource Energy sells its ownership share in South Fork Wind and Revolution Wind to Global Infrastructure Partners for approximately $1.1 billion, retaining cost sharing obligations. The transaction includes adjustments based on project economics, with Revolution Wind expected to be operational in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.7%
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none
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Rhea-AI Summary
Eversource (NYSE: ES) has been named among America’s Most JUST Companies, ranking #38 overall on the JUST 100 list and #3 in the utility sector. The company's consistent commitment to customers, communities, and the environment has been recognized, along with its efforts to address climate change and create an inclusive workplace. Eversource's dedication to worker benefits, work-life balance, customer privacy, and pollution minimization has contributed to its ranking. For more information on Eversource’s corporate responsibility, visit the provided links.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
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none
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Rhea-AI Summary
Eversource Energy declares a quarterly dividend of $0.715 per share and schedules a conference call to review the company's financial performance through 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
Tags
dividends earnings
Rhea-AI Summary
Ørsted and Eversource have submitted a new proposal for Sunrise Wind in response to New York’s latest offshore wind solicitation, re-bidding an updated project that, if selected, would fulfill its promise to deliver substantial economic benefits across New York and play a critical role in advancing the state’s climate goals. Sunrise Wind would deliver up to 924 megawatts of clean energy to New York, and is expected to be completed in 2026, helping the state achieve its mandate of 70 percent renewable energy by 2030. Ørsted would become the sole owner of Sunrise Wind if it is awarded a contract in New York’s fourth offshore wind solicitation, and has made significant investments in the state’s offshore wind workforce and supply chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
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none
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Rhea-AI Summary
Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm that would deliver power to New York. The acquisition is contingent on the successful award of Sunrise Wind in the ongoing New York 4 solicitation for offshore wind capacity, signing of an OREC contract with New York’s energy agency, NYSERDA, finalization of acquisition agreements, receipt of construction and operations plan (COP), and relevant regulatory approvals. If Sunrise Wind is not successful in the solicitation, the existing OREC contract will be cancelled, and Ørsted and Eversource’s 50/50 joint venture for Sunrise Wind will remain in place. If the project is provisionally awarded, a new contract will be negotiated with NYSERDA under the updated terms of the current solicitation. Sunrise Wind, if awarded, is expected to be completed in 2026, helping New York achieve its goal of reaching 70 percent renewable energy by 2030. The project has secured all major supplier and project labor agreements to commence construction shortly after award. Final federal permits are expected this summer. Ørsted's Group Executive Vice President and CEO of Region Americas, David Hardy, sees the acquisition as a value-accretive opportunity and the best path forward for the project. Joe Nolan, Chief Executive Officer and President of Eversource Energy, expressed pride in the work accomplished for Sunrise Wind and looks forward to continuing their leadership position in building onshore interconnection systems for offshore wind projects in the Northeast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
acquisition
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Rhea-AI Summary
Eversource Energy (NYSE: ES) is in advanced negotiations to divest its 50% ownership interest in three offshore wind projects. The company is in talks with a leading global private infrastructure investor. However, the projected construction costs and uncertainties related to the Sunrise Wind rebid process have negatively impacted the potential sales price. Eversource expects to record an after-tax other-than-temporary impairment charge in the range of $1.4 to $1.6 billion in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.75%
Tags
earnings
Rhea-AI Summary
Eversource Energy (NYSE: ES) has been named as a '5 Year Champion' by Newsweek for being recognized among the nation’s most responsible companies every year since its list was introduced. Eversource ranked fifth in the nation among 59 companies in the Energy & Utilities category and 154th overall on the top-600 list among the leading 2,000 public companies by revenue with headquarters in the U.S. The company earned the highest environmental score in the utility industry and the highest overall ranking of any utility in the Northeast and the Eastern seaboard.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
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Eversource Energy

NYSE:ES

ES Rankings

ES Stock Data

20.69B
348.60M
0.27%
83.41%
1.68%
Electric Power Distribution
Utilities
Link
United States
Springfield

About ES

eversource energy (nyse:es), a fortune 500 and standard & poor’s 500 energy company based in connecticut, massachusetts and new hampshire, operates new england’s largest energy delivery system. eversource is committed to safety, reliability, environmental leadership and stewardship, and expanding energy options for its 3.7 million electric and natural gas customers. we are a company dedicated to our customers, communities and employees. we know that our success depends on the best efforts of our engaged team- diverse, talented and dedicated individuals who take pride in their work, know and exhibit the value of teamwork and collaboration, and support each other in working safely every day.