With a market cap of $22.3 billion, Springfield, Massachusetts-based Eversource Energy (ES) is a leading energy delivery company. It provides electricity, natural gas, and water services to residential, commercial, and industrial customers across Connecticut, Massachusetts, and New Hampshire.
Shares of the power provider have underperformed the broader market over the past 52 weeks. ES stock has risen 14.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 35.7%. In 2024, shares of ES are down 1.4%, compared to SPX's 25.5% gain on a YTD basis.
