Eversource Energy (ES) Could Be 14% Undervalued After Its Recent Selloff

Eversource Energy (ES) shares have come under pressure recently, with the stock down 1.7% on the day and roughly 10% over the past month, prompting fresh attention from income focused utility investors. At a recent share price of US$63.80, Eversource Energy has seen momentum fade, with the 30 day share price return down 10.2% and the year to date share price return down 6.3%. However, the 3 year total shareholder return is up 27.8% and points to a stronger longer run outcome than the recent...