Eversource Energy
ES: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$33.00 | Tnc | Yswwrjjp |
Higher Costs Sink Eversource's Offshore Wind Venture
Business Strategy and Outlook
Eversource Energy has grown into one of the largest utilities in the U.S. Northeast after its 2012 merger with NStar, 2017 acquisition of Aquarion, and 2020 acquisition of Columbia Gas. However, it has made some stumbles along the way with its ventures outside its core utilities.