Should I Buy ES? ES 2026 Analysis

Should You Buy Eversource Energy (ES) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

67.360

1 Day change

-0.55%

52 Week Range

75.250

Analysis Updated At

2026/02/04

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Not a good buy right now for an impatient investor: momentum is still bearish (MACD weakening) and the stock is sitting on near-term support with earnings approaching.
Options positioning is bullish (very low put/call ratios), but elevated IV into earnings suggests the market is pricing a move; without a proprietary buy signal, the risk/reward isn’t compelling today.
Best case near-term is a technical bounce toward ~$69.6–$71, but upside appears limited versus the regulatory/earnings headline risk.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Price context: Post-market ~$68.24 (-0.50% regular session), trading just above key support.
Trend/Momentum: MACD histogram -0.244 and negatively expanding → bearish momentum still building.
RSI(6) ~37.4 → weak/near-oversold but not a clear reversal trigger by itself.
Moving averages: converging → indecision/transition, but momentum currently favors bears.
Key levels: Support S1 ~$68.10 then S2 ~$67.20; Pivot ~$69.56; Resistance R1 ~$71.02 then R2 ~$71.92. A break below ~$68.1 increases odds of a quick drop toward ~$67.2.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment: Put/Call ratios are extremely low → options flow is call-skewed/bullish.
Volatility: 30D IV ~26.84 vs historical vol ~20.31; IV percentile ~76 → options are pricing elevated near-term uncertainty (consistent with upcoming earnings).
Activity: Today’s options volume is very light (7 contracts) and ~in-line vs 30D avg (1.02x) → sentiment read is more from positioning than a surge in fresh flow.
Interpretation: Bullish skew can support a bounce, but high IV into earnings implies the market expects a meaningful move—direction not guaranteed.

Technical Summary

Sell

Buy

Positive Catalysts

- Dividend catalyst: Quarterly dividend raised ~4.7% (declared 2026-01-28), supportive for income-focused buyers.
- Regulatory progress (MA): NStar Gas rate settlement filing with the MA Attorney General (per UBS note) is a constructive step.
- Technical setup: Stock is near S1 support (~$68.1); a hold above support can trigger a reflex bounce toward the ~$69.6–$71 area.
- Earnings event: QDEC 2025 earnings on 2026-02-12 (after hours) can reset the narrative if guidance/regulatory updates come in better than feared.

Neutral/Negative Catalysts

- Momentum risk: MACD continues to deteriorate; without reversal confirmation, support can fail.
- Event risk: Earnings on 2026-02-12 with elevated IV → higher probability of a sharp move.
- Fundamental overhang: Connecticut regulatory setback (Aquarion sale denial) remains a headline and balance-sheet uncertainty factor per multiple analysts.
- Limited near-term upside per Street: Several major firms sit Neutral/Equal Weight/Underweight with targets clustered around low-70s.

Financial Performance

Latest reported quarter: 2025/Q3.
Revenue: $3.22B, +5.14% YoY (top-line growth positive).
Profitability: Net income $367.5M, down -411.33% YoY; EPS $0.99, down -400% YoY (sharp earnings deterioration).
Margins: Gross margin 55.14%, down -5.06% YoY (pressure on profitability).
Takeaway: Sales grew, but earnings/margins weakened materially—fundamentals do not currently reinforce a “buy now” decision.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Ratings are mixed but skew cautious (Neutral/Equal Weight/Underweight dominate), with a couple of Buys viewing the post-regulatory selloff as overdone.
Price targets (recent): Wells Fargo $71 (Equal Weight, calls it a battleground), UBS $73 (Neutral), JPMorgan $71 (Underweight), BofA $75 (Buy), Janney $79 (Buy), Mizuho $68 (Neutral).
Wall Street pros: Dividend growth, potential regulatory resolution steps, and some belief the selloff was excessive.
Wall Street cons: Ongoing Connecticut regulatory overhang and balance-sheet visibility concerns post-Aquarion denial.
Influential/politician trading check: No recent congress trading data available; hedge funds/insiders listed as neutral with no notable recent trend.

12 Analyst Rating

Wall Street analysts forecast ES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ES is 71.91 USD with a low forecast of 60 USD and a high forecast of 80 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

6 Hold

3 Sell

Hold

Current: 67.730

Low

Averages

71.91

High

Current: 67.730

Low

Averages

71.91

High

Wells Fargo

Equal Weight

maintain

$63 -> $71

AI Analysis

2026-01-20

Reason

Wells Fargo

Price Target

$63 -> $71

AI Analysis

2026-01-20

maintain

Equal Weight

Reason

Wells Fargo raised the firm's price target on Eversource to $71 from $63 and keeps an Equal Weight rating on the shares, but sees it as a battleground call. The firm says it needs visibility on constructive outcomes to fill Aquarion-sized hole in the balance sheet. There are pathways but too early to get back into shares, Wells argues.

UBS

William Appicelli

Neutral

maintain

$73

2025-12-31

Reason

UBS

William Appicelli

Price Target

$73

2025-12-31

maintain

Neutral

Reason

UBS analyst William Appicelli notes that Eversource Energy's NStar Gas filed a rate settlement with the only party in the case, the Massachusetts Attorney General, to avoid a rate case filing if approved. The settlement, which would resolve one of several regulatory items outstanding for the company, is a positive development, says the analyst, who maintains a Neutral rating and $73 price target on Eversource shares.

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ES Should I Buy

ES Should I Buy

Should You Buy Eversource Energy (ES) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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