Eversource Energy stock gets a USD 47.7 million grid award

Published on 10/04/2026 at 22:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eversource Energy stock is tied to a DOE grid project worth up to USD 47.7 million after the September 29 selection. Q2 revenue rose 2.3 percent to USD 2.90 billion.

Bauhaus-Grafik in Rot Blau Gelb mit fettgedrucktem ENERGY-Text und geometrischen Formen — Eversource Energy Bauhaus Poster mit ENERGY Schriftzug und Strommasten als Versorger ISIN US30040W1080, Illustration mit AI erstellt.

Eversource Energy (ISIN US30040W1080) stock closed at USD 64.50 on the NYSE on October 2, 2026, up 0.30 percent from the prior session. The latest company event is a U.S. Department of Energy grid award selection announced on September 29, which could provide up to USD 47.7 million for Eversource and Dartmouth Engineering.

Grid award targets transmission capacity

According to Yahoo Finance on September 29, 2026, the DREAM initiative was selected under the DOE Speed to Power program. The project would use dynamic line rating technology across Eversource's transmission network in Connecticut, Massachusetts and New Hampshire, with work expected to begin in 2027 if award negotiations are completed.

The award is strategically relevant because Eversource is expanding its regulated infrastructure base rather than relying on offshore wind development. The company discussed a USD 26.5 billion five-year capital plan in an October 1 investor-event report, including transmission, electrification and grid projects, according to Yahoo Finance.

Q2 revenue rose while EPS declined

Eversource reported USD 2.90 billion of Q2 2026 revenue, a 2.3 percent year-over-year increase, while quarterly EPS was USD 0.87 versus USD 0.96 in the same quarter of 2025. Revenue was below the USD 2.99 billion consensus estimate, while management maintained fiscal 2026 EPS guidance of USD 4.57-4.72, according to MarketBeat.

The regulatory backdrop remains important for the earnings path. A March 2026 FERC decision lowered the allowed transmission return on equity to 9.57 percent, while first-half 2026 charges included USD 43.9 million related to that decision and offshore wind liabilities, as Yahoo Finance reported.

Consensus target stays above the stock

MarketBeat lists a Hold consensus based on 13 analysts, with a USD 72.92 average target, a USD 60.00 low and a USD 81.00 high. The average target lies 13.1 percent above the October 2 price of USD 64.50, giving the market a measured valuation reference alongside the company's capital spending plans.

Stock closed at USD 64.50

Eversource Energy stock closed at USD 64.50 on October 2, 2026, on the NYSE, with a 52-week range of USD 62.72 to USD 76.57 and market capitalization of USD 24.3 billion. Trading volume was 2,432,006 shares.