KD Logo

Understanding the Risks of Investing in Eversource Energy (ES)

Eversource Energy’s recent filing unveils that its Former Director DiStasio James S acquired Company’s shares for reported $0.51 million on Mar 31 ’25. In the deal valued at $62.20 per share,8,200 shares were bought.

Then, BUTLER GREGORY B sold 12,000 shares, generating $752,148 in total proceeds. Upon selling the shares at $62.68, the Executive VP & General Counsel now owns 61,268 shares.

Before that, BUTLER GREGORY B bought 12,000 shares. Eversource Energy shares valued at $752,151 were divested by the Officer at a price of $62.68 per share.

JP Morgan downgraded its Eversource Energy [ES] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in mid December from “a Sector perform” to “a Sector underperform”. Jefferies began covering ES with “an Underperform” recommendation on December 03, 2024. BofA Securities revised its rating on June 25, 2024. It rated ES as “a Neutral” which previously was an “an Underperform”.

Price Performance Review of ES

On Monday, Eversource Energy [NYSE:ES] saw its stock jump 3.84% to $58.48. Over the last five days, the stock has gained 5.26%. Eversource Energy shares have risen nearly 1.83% since the year began. Nevertheless, the stocks have fallen -1.13% over the past one year. While a 52-week high of $69.01 was reached on 02/25/25, a 52-week low of $52.28 was recorded on 04/09/25. SMA at 50 days reached $60.45, while 200 days put it at $62.00.

Levels Of Support And Resistance For ES Stock

The 24-hour chart illustrates a support level at 57.08, which if violated will result in even more drops to 55.68. On the upside, there is a resistance level at 59.30. A further resistance level may holdings at 60.11. The Relative Strength Index (RSI) on the 14-day chart is 47.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.74%. Stochastics %K at 40.55% indicates the stock is a holding.

How much short interest is there in Eversource Energy?

A steep rise in short interest was recorded in Eversource Energy stocks on 2025-03-31, growing by 40205.0 shares to a total of 5.86 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.82 million shares. There was a rise of 0.69%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 10, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $73 price target.

Most Popular