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ES Forecast



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Eversource Energy's commitment to renewable energy and regulatory support may drive future growth, with potential EPS increases positively impacting stock prices.



Bearish Case: Market volatility and insider selling could continue pressuring Eversource's stock, despite potential regulatory benefits, leading to further declines in share value.



Potential Outcomes:
  • 30%: Strong regulatory support promotes growth in renewable projects.
  • 40%: Ongoing market volatility causes stock price decline.
  • 20%: Insider selling leads to negative sentiment and further losses.
  • 10%: An economic recovery spurs utility demand, benefiting ES.



Trading Oracle: Consider a bearish credit spread; sell ES options at $65 strike, buy at $70 strike, 84 days to expiry. This approach capitalizes on potential price weakness while limiting risk. Given the current mixed signals, this strategy maximizes profit potential with a solid probability of success. Focus on maintaining a strong risk-reward ratio.


November 22, 2024


Eversource Energy Forecast

ES        Eversource Energy

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