Is Eversource Energy Stock Underperforming the Dow?

Is Eversource Energy Stock Underperforming the Dow?

Thu, September 17, 2026 at 5:24 PM GMT+3 2 min read

• ES -1.84%
• ^DJI -0.18%

With a market cap of $25.6 billion, Eversource Energy (ES) is New England's largest energy delivery company, serving 4.46 million customers across Massachusetts, Connecticut, and New Hampshire. With more than 10,000 employees, the company is committed to providing safe, reliable, and sustainable electric and gas services.

Companies worth more than $10 billion are generally labeled as "large-cap" stocks and Eversource Energy fits this criterion perfectly. Building on a history that dates back to the mid-19th century, Eversource continues to support the communities it serves and power a better tomorrow.

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Shares of the Springfield, Massachusetts-based company have dipped 11.3% from its 52-week high of $76.57. The stock has fallen 2.8% over the past three months, a steeper decline than the Dow Jones Industrial Average's ($DOWI) 1% drop over the same time frame.

ES stock is up marginally on a YTD basis, underperforming DOWI's 7.1% gain. In the longer term, shares of the power provider have risen 7% over the past 52 weeks, compared to DOWI's 12.5% increase over the same time frame.

The stock has been trading below its 200-day moving average since August.

Eversource Energy shares fell 3.1% following its Q2 2026 results on Jul. 30 as earnings dropped sharply to $53.7 million ($0.14 per share), weighed down by $111.4 million ($0.30 per share) related to the Aquarion Water sale and a $164.0 million ($0.43 per share) increase in its offshore wind contingent liability. Investors were also concerned about the impact of the March 2026 FERC decision lowering the allowed transmission return on equity (ROE) to 9.57%, which reduced transmission profitability and contributed to a $43.9 million ($0.12 per share) charge in the first half of 2026.

In comparison, rival Entergy Corporation (ETR) has outpaced ES stock. ETR stock has gained 11.3% on a YTD basis and 16.7% over the past 52 weeks.

As ES stock has underperformed over the past year, analysts remain cautious about its prospects. The stock has a consensus rating of "Hold" from 16 analysts' coverage, and the mean price target of $73.50 is a premium of 8.3% to current levels.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com