Eversource Energy (ES) PT Raised to $75 at BofA Securities

BofA Securities analyst Ross Fowler raised the price target on Eversource Energy (NYSE: ES) to $75.00 (from $72.00) while maintaining a Buy rating.

The analyst commented, "On April 30, the NETO filed a S.205 application requesting a 11.39% ROE – +182bps above FERC’s 206 outcome of 9.57% (Op. 594). The filing applied the same Op. 594 methodology (50% two-step DCF + 50% CAPM) to current Oct’25 - Mar’26 market data. The full +182bps gap reflects updated market inputs, not a methodology change. Key dynamic: McKenzie’s CAPM market return is 13.68%, driven by S&P 500 IBES growth at 12.06% – a value above historical norms (9-10%). We reiterate our Buy rating on ES."

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