TD Cowen Raises Eversource Energy Price Target to $77, Sees 5–7% EPS Growth
TD Cowen maintained a Hold on Eversource Energy, raising its price target by $3 to $77 and citing 2026 EPS below expectations. The utility reported Q4 profit of $421.3 million versus $72.5 million year-ago, lifted its five-year capex plan to $26.5 billion, and sees 5–7% annual EPS growth from 2027.
1. TD Cowen Maintains Hold Rating
On February 19, 2026, TD Cowen boosted Eversource Energy’s price target from $74 to $77 while maintaining a Hold rating, noting that its 2026 EPS estimate fell short of the firm's expectations.
2. Q4 Profit Jumps to $421.3 Million
Eversource reported fourth-quarter profit of $421.3 million, or $1.12 per share, up from $72.5 million, or $0.20 per share a year earlier, with natural gas earnings rising to $123.6 million from $103.4 million.
3. Financial Outlook and Capital Plan
The company forecasts 2026 EPS of $4.80–$4.95 versus a $4.97 consensus, raised its five-year capital plan to $26.5 billion from $24.2 billion, plans $800 million–$1.1 billion in equity issuance through 2030, and targets 5–7% annual EPS growth starting in 2027 supported by storm cost securitization and regulatory reforms.