Eversource Energy shares slip for fourth straight day
Updated
Updated · MarketWatch · May 7
Eversource Energy shares slip for fourth straight day
5 articles · Updated · MarketWatch · May 7
The stock fell 2.16% to $67.04 on Thursday, with trading volume rising to 3.1 million shares from a 50-day average of 2.3 million.
It closed 12.26% below its 52-week high of $76.41 reached on 27 February, during a broader market decline that pushed the S&P 500 and Dow lower.
Among peers, NextEra Energy dropped 2.17%, Southern fell 1.15% and Dominion edged down 0.05%, leaving Eversource mixed against competitors despite the latest loss.
Eversource beat earnings, yet its stock plummeted. What critical risk are investors now seeing for this utility giant?
With regulators slashing profits, how can Eversource fund its massive $26.5 billion plan to upgrade the power grid?