Eversource Energy

ES: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$66.00	Jxktt	Synhcyjvl

Eversource: Offshore Wind Venture Set to End With a Disappointing Outcome for Investors

Travis Miller

Jan 9, 2024

We are cutting our fair value estimate for Eversource to $72 per share from $74 after the company announced it will record a $1.4 billion-$1.6 billion, or about $4.30 per share, aftertax impairment of its remaining offshore wind investment ahead of an imminent sale.

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