Wolfe Research Downgrades Eversource Energy (ES) to Peerperform

Wolfe Research analyst Steve Fleishman downgraded Eversource Energy (NYSE: ES) from Outperform to Peerperform.

The analyst comments "We are cutting ES to Peer Perform on lower estimates, as the risk/reward looks fair after catalysts were mixed and the remaining one - offshore wind sale - is delayed. We still see some upside if ES can revalue to a slight premium, but execution on the offshore sale is key."

For an analyst ratings summary and ratings history on Eversource Energy click here. For more ratings news on Eversource Energy click here.

Shares of Eversource Energy closed at $80.27 yesterday.

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