ED
Consolidated Edison Inc
NYSE: ED · UTILITIES · UTILITIES - REGULATED ELECTRIC
$106.21
+2.09% today
Updated 2026-06-05
Market cap
$39.71B
P/E ratio
18.17
P/S ratio
2.31x
EPS (TTM)
$5.93
Dividend yield
3.22%
52W range
$93 – $115
Volume
2.2M
Consolidated Edison Inc (ED) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed ED price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$106.21
Today
Analyst consensus
$111.19
+4.69% · 12M
2030 Base
$-32.29
-130.40% future
NPV today
$-32.29
@ 6% WACC
21 analysts:
3 Buy5 Hold16 Sell
Management guidance
Con Edison announced $29B in capital spending through 2030 to modernize NYC-area grid and support electrification. Company targeting regulated utility growth through infrastructure investment cycle; no specific revenue CAGR target disclosed, but capital deployment indicates confidence in sustained high-single-digit to low-double-digit revenue growth through 2030.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
ED · Consolidated Edison Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$-32.29
NPV today: $-32.29
Base case (2030)
$-32.29
NPV today: $-32.29
Bull case (2030)
$26.97
NPV today: $20.53
WallStSmart.com
ED financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $16.9B | $18.4B | $19.1B | $20.1B | $21.0B | $21.9B |
| Revenue growth | 10.9% | 8.8% | 4.1% | 4.7% | 4.7% | 4.5% |
| Net margin | — | 12.9% | 13.3% | 13.5% | 13.7% | 13.9% |
| EPS | $5.72 | $6.45 | $6.88 | $7.32 | $7.78 | $8.25 |
| Diluted shares | — | 369M | 369M | 370M | 370M | 370M |
| Net debt | — | $28.37B | $29.66B | $31.01B | $32.43B | $33.91B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $-27.02 | $-28.46 | $-29.65 | $-30.89 | $-32.29 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $21.9B | $21.9B | $21.9B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 370M | 370M | 370M |
| Net debt | $33.91B | $33.91B | $33.91B |
| Implied P/E † | -4x | -4x | 3x |
| 2030 Price | $-32.29 | $-32.29 | $26.97 |
| NPV @ 6% | $-32.29 | $-32.29 | $20.53 |
† Implied P/E: Multiples remain elevated across all three scenarios because ED is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $-32.29 base case
ED catalysts and risks
Growth catalysts
+ $29B capital investment plan through 2030 driving rate base growth and regulated revenue expansion
+ $2B at-the-market equity offering program to fund infrastructure modernization and clean energy transition
+ Electrification of heating and transportation in NYC metro area increasing electricity demand and grid utilization
Key risks
- Regulatory rate decisions and potential rate base compression limiting revenue growth acceleration
- Rising interest rates and cost of capital pressuring margins on regulated returns
- Energy efficiency adoption and behind-the-meter solar reducing volumetric electricity sales
Methodology · Consolidated Edison Inc 2030 stock forecast model
Consolidated Edison Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for ED by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($33.91B by 2030) |
| 3. Time value | NPV calculated using 6% WACC (CAPM: beta 0.288) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
ED price target FAQ
What is the ED price target for 2030?
WallStSmart's Consolidated Edison Inc 2030 base case is $-32.29 per share, with a bull case of $26.97 and bear case of $-32.29. The NPV of the base case discounted to today at 6% WACC is $-32.29.
How is the Consolidated Edison Inc 2030 stock forecast calculated?
The ED 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the ED price target account for dilution?
Consolidated Edison Inc is projected to grow diluted share count from 369M to 370M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on ED stock?
21 analysts cover ED with an average 12-month price target of $111.19. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.