No.4
10/03/24
On Thursday, BMO Capital Markets adjusted its price target for Eversource Energy (ES), increasing it to $74.00 from the previous target of $70.00. The firm has retained a Market Perform rating on the stock.
The revision follows Eversource Energy's recent announcement that it has completed the sale of the Revolution Wind and South Fork Wind projects to Global Infrastructure Partners (GIP). The final gross proceeds from the sale amounted to approximately $745 million, which is lower than the initially expected $1.12 billion.
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