Strong Buy ES by Jul 17, 2026.

Eversource has a monopoly on the Connecticut utilities industry, the only thing stopping them from jacking up rates indefinitely is PURA, a CT regulatory agency. PURA has had a turbulent couple of months with their chair stepping down last October. PURA first stopped the sale of Aquarion in November, but Eversource appealed. Here is an excerpt from an article: “Connecticut Attorney General William Tong, who fought Eversource’s initial attempt to sell the water company, said this move is also bad …