Based in Springfield, Massachusetts, Eversource Energy (ES) is an energy delivery company involved in the transmission and distribution of electricity, solar power facilities, and natural gas. Valued at a market cap of $22.8 billion, the company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments.
Shares of this energy provider have underperformed the broader market over the past 52 weeks. ES has increased marginally over this time frame, while the broader S&P 500 Index ($SPX) has rallied 24.9%. In 2024, shares of ES are up 5.1%, compared to SPX’s 16.2% gain on a YTD basis.
