Top
image credit: Vecteezy

Eversource Energy: A Progressive Utility With Growing Earnings

September 7, 2021

Eversource Energy (NYSE:ES) is a utility that transmits and delivers electricity, natural gas and supplies water to around 4.3 million customers in Connecticut, Massachusetts, and New Hampshire.

The utility sector has lately benefited from several tailwinds.

Due to the need to modernize the grid and to decarbonize, many utilities have potential investment opportunities that could expand their rate bases if regulators allow for it. Due to the market rally, valuations for many utilities are higher than in 2020. Because interest rates are low, the dividends of many utility stocks are also fairly attractive.

Read More on Seeking Alpha