InsightfulValue
← Home
🚀 Sign up Free for Public Company Valuation & Insights!

Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!

Sign up free   Video Highlights

Eversource Energy
Eversource Energy

Energy / Electric Utilities

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Company at a Glance

Overview
Eversource Energy is a publicly traded energy company that provides electric and natural gas service to over 4 million customers in Connecticut, Massachusetts, and New Hampshire. The company was formed in 2012 through the merger of NSTAR and Northeast Utilities.
Headquartered in Hartford, Connecticut, Eversource Energy has over 8,000 employees and is one of the largest electric and gas utilities in New England. The company has a diverse portfolio of energy-related businesses, including transmission, distribution, generation, and energy services.
In addition to providing reliable and affordable energy services to its customers, Eversource Energy is also committed to promoting sustainability and reducing its environmental impact. The company has set ambitious goals to reduce carbon emissions and invest in renewable energy sources.
Eversource Energy is also deeply involved in the communities it serves, supporting local organizations and initiatives through its charitable giving and volunteer efforts.
What is special about the company?
There are a few things that make Eversource Energy stand out as a company:
1. Long History: Eversource Energy has been in operation for over 100 years, making it one of the oldest and most established energy companies in the United States. This long history speaks to their experience and expertise in the industry.
2. Diversified Business: Eversource Energy is not only an electricity provider, but also offers natural gas services, water services, and renewable energy solutions. This diversification makes the company more resilient to market fluctuations and allows them to meet the diverse needs of their customers.
3. Large Customer Base: Eversource Energy serves over 4 million electric and natural gas customers in Connecticut, Massachusetts, and New Hampshire. This large customer base gives the company a strong presence in the Northeast and a significant impact on the energy market in the region.
4. Commitment to Sustainability: Eversource Energy has made a commitment to reduce their carbon footprint and promote clean energy solutions. They have invested in renewable energy projects and have set a goal to reduce carbon emissions by 80% by 2050.
5. Community Involvement: Eversource Energy is actively engaged in the communities they serve, supporting local charities and initiatives, and promoting energy conservation and efficiency. They also have a volunteer program that encourages employees to get involved in community service projects.
6. Financial Stability: Eversource Energy has a strong financial track record, with consistent revenue growth and a strong credit rating. This financial stability helps to ensure that the company can continue to provide reliable energy services to customers.
Overall, Eversource Energy is a well-established and diversified company with a strong commitment to sustainable practices and community involvement.
What the company's business model?
Eversource Energy is a public utility holding company that engages in the generation, transmission, and distribution of electricity and natural gas. Its business model primarily focuses on providing reliable and affordable energy solutions to its customers in Connecticut, Massachusetts, and New Hampshire.
The company operates through three principal segments:
1. Electric Operations: This segment includes the generation, transmission, and distribution of electricity to residential, commercial, and industrial customers.
2. Natural Gas Distribution: This segment is responsible for the distribution and storage of natural gas to residential, commercial, and industrial customers.
3. Water Distribution: Eversource Energy's water distribution segment provides water services to approximately 212,000 customers in Connecticut.
The company also has a separate competitive energy services business that offers energy management solutions to commercial and industrial customers. Additionally, Eversource Energy has a growing renewable energy portfolio, including wind, solar, and hydroelectric power, and is committed to reducing its carbon footprint through various sustainability initiatives.
Overall, Eversource Energy's business model is centered around providing safe, reliable, and sustainable energy solutions to its customers while creating value for its shareholders.
Interesting facts about the company
on December 21
1. Eversource Energy is a Fortune 500 energy company that serves more than 4 million natural gas and electric customers in Connecticut, Massachusetts, and New Hampshire.
2. The company was founded as Northeast Utilities in 1966 through the merger of multiple gas and electric companies in the New England region.
3. In 2012, Northeast Utilities changed its name to Eversource Energy to better reflect its focus on providing reliable energy services.
4. Eversource is the largest electric utility company in New England and the second largest natural gas provider.
5. The company employs over 8,000 people and has a market capitalization of approximately $29 billion.
6. Eversource has a strong commitment to renewable energy and has invested over $1 billion in clean energy projects in New England since 2015.
7. The company has been recognized as one of the most sustainable companies in the world by Corporate Knights and has been named to the Dow Jones Sustainability Index for 12 consecutive years.
8. Eversource has a significant track record of providing support to the local communities it serves. In 2020, the company donated over $20 million to community organizations and causes.
9. Eversource has made a commitment to reach net-zero carbon emissions by 2050 and has implemented various initiatives to reduce its carbon footprint.
10. In 2020, Eversource received the Edison Electric Institute’s Emergency Response Award for its efforts in restoring power after major storms in its service territories.
See Company Due Diligence:

Wait! There's more — sign up for free or log in

© 2024 - 2025 InsightfulValue.com. All rights reserved. Legal