UBS Cuts Eversource Energy Stock Price Target on FERC ROE Reduction

H2. UBS Cuts Eversource Energy Stock Price Target on FERC ROE Reduction

UBS has cut its stock price target for Eversource Energy (ES) due to the Federal Energy Regulatory Commission's (FERC) reduction in the Return on Equity (ROE) for electric utilities.

H3. Background on FERC ROE Reduction

The FERC ROE reduction is a significant development for the electric utility sector. The reduction will impact the profitability of electric utilities, including Eversource Energy.

H3. Impact on Eversource Energy Stock Price

The reduction in FERC ROE will likely lead to a decrease in Eversource Energy's stock price. UBS has cut its stock price target for Eversource Energy from $80 to $70.

H3. Analysts' Views on Eversource Energy

Analysts at UBS believe that the reduction in FERC ROE will have a negative impact on Eversource Energy's profitability. They have downgraded their rating on the stock from 'Buy' to 'Neutral'.

H3. Conclusion

The reduction in FERC ROE is a significant development for the electric utility sector. The impact on Eversource Energy's stock price will be negative, according to UBS analysts.

Sources

[8] UBS cuts Eversource Energy stock price target on FERC ROE reduction