Analyst Downgrades Eversource Energy (ES) to Hold. Here is Why

Eversource Energy (NYSE:ES) is included among the 13 Best Electrical Infrastructure Stocks to Buy in 2026.

Eversource Energy (NYSE:ES) is an energy provider serving customers in Connecticut, Massachusetts, and New Hampshire.

On June 12, Argus analyst Marie Ferguson downgraded Eversource Energy (NYSE:ES) from Buy to Hold, without assigning the stock a price target.

The downgrade follows a recent order by the Federal Energy Regulatory Commission that has reduced the utility’s electric transmission ROE by 100 basis points, with the adjustment applied retroactively to 2011.

However, the analyst firm highlighted Eversource’s impressive annual dividend yield of over 4.5%, and noted that the company has filed motions seeking to block the FERC order. That said, Argus believes that the utility’s near-term outlook remains uncertain.

Eversource Energy (NYSE:ES) recently revised its FY 2026 earnings guidance in light of the FERC order, which lowered its transmission base ROE to 9.57%. The company now expects an adjusted EPS in the range of $4.57 to $4.72 for the year. However, it reaffirmed its long-term earnings growth rate target of 5% to 7%, off the midpoint of its revised 2026 outlook.

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