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ES

Eversource Energy

NYSE: ES · UTILITIES · UTILITIES - REGULATED ELECTRIC

$70.70
+2.88% today

Updated 2026-04-30

Market cap
$25.83B
P/E ratio
15.07
P/S ratio
1.91x
EPS (TTM)
$4.56
Dividend yield
4.39%
52W range
$55 – $76
Volume
2.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Eversource Energy (ES) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$70.70
Consensus
$71.00
+0.42%
2030 Target
$514.08
+627.13%
DCF
$65.71
-6.86% MoS
10 analysts:
3 Buy4 Hold5 Sell

Management guidance

Eversource has not provided explicit CEO revenue guidance through 2030 in available materials. The company has announced a $24.2-26.5 billion five-year capital investment plan focused on grid modernization, offshore wind transmission, and clean energy infrastructure. Management projects 5-7% annual earnings growth through 2030, supported by regulatory outcomes and distribution rate adjustments.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$854.48
$16.0B Rev × 20x P/S
Base case (2030)
$514.08
$16.0B Rev × 12x P/S
Bear case (2030)
$340.40
$16.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$11.9B$11.9B$13.5B$13.9B$14.4B$14.9B$15.4B$16.0B
Revenue growth—-0.1%13.8%2.7%3.5%3.6%3.6%3.5%
EPS$4.74$4.58$4.77$5.03$5.29$5.57$5.88$6.21
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$444.61$458.50$479.34$493.24$514.08

Catalysts & risks

Growth catalysts
+ Approval of $24.2B five-year capital investment plan supporting regulated utility growth
+ Clean energy transition investments in offshore wind transmission and grid modernization
+ Distribution rate adjustments and regulatory rate base recovery in CT, MA, NH
+ Storm cost recovery mechanisms and operational efficiency improvements
+ Potential resolution of FERC transmission return dispute (currently 9.57% base ROE)
Key risks
- FERC Opinion 594 reducing allowed transmission returns by ~100bp, impacting 2026+ earnings
- Regulatory headwinds in Connecticut and potential rate decision delays
- Rising interest rates impacting cost of capital for $24B+ investment program
- Offshore wind project delays and supply chain constraints
- Governance dispute over Chairman/CEO separation potentially creating execution uncertainty

Methodology

Eversource Energy's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.