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MarketScreener Homepage  >  Equities  >  Nyse  >  Eversource Energy    ES

EVERSOURCE ENERGY (ES)
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Eversource Energy : Welcomes Community to New Bedford Work Center as Part of National Solar Tour

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10/05/2018 | 10:13am CET

BOSTON - Interested customers can get up close, ask questions and see how large-scale solar power works this Saturday as Eversource showcases the solar parking lot canopy at its New Bedford work center. The energy company joins hundreds of other organizations in more than 650 cities and towns across the country hosting similar solar open houses and tours this weekend.

"We're proud to participate in the National Solar Tour and showcase to the community our efforts to provide competitively priced, zero-emission solar power to customers," said Eversource Vice President of Business Development Mike Ausere. "We were one of the first energy companies in the nation to build a universal solar plant more than eight years ago in Pittsfield and it's exciting to see how much growth we are seeing in the solar sector."

The National Solar Tour is the largest grassroots solar event in the U.S., providing an opportunity for solar homes and businesses around the country to open their doors to neighbors and solar supporters in their communities. Eversource is proud to share its clean energy expertise by showing off the New Bedford solar canopy, one of four statewide. The solar canopies are part of the overall Eversource initiative to bring an additional 62 megawatts of clean energy from the sun to the electric grid by 2019.

Eversource is powering the possible by supporting the state's efforts of having 15 percent renewable energy by 2020. In addition to the solar canopies, the energy company has 15 ground mounted solar sites. The new facilities will collectively generate enough clean energy to power more than 10,000 homes, and help bring a significant reduction in greenhouse emissions, equivalent to taking more than 6,000 cars off the road per year.

Eversource invites interested residents and businesses to 50 Duchaine Boulevard in New Bedford's business park on Saturday October 6, from 9am-noon. Light refreshments will be served.

Eversource (NYSE: ES) transmits and delivers electricity, natural gas and water to 1.7 million customers throughout Massachusetts. This includes approximately 1.4 million electric customers in 140 communities, 300,000 gas customers in 51 communities, and 19,500 water customers in five communities. Recognized as the top U.S. utility for its energy efficiency programs by the sustainability advocacy organization Ceres,Eversource harnesses the commitment of about 8,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. For more information, please visit our website (www.eversource.com) and follow us on Twitter (@eversourceMA) and Facebook (facebook.com/EversourceMA). For more information on our water services, visitwww.aquarionwater.com.

CONTACT:
Mike Durand
508-441-5831
michael.durand@eversource.com

Reid Lamberty
617-424-2108
reid.lamberty@eversource.com

Disclaimer

Eversource Energy published this content on 04 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 October 2018 08:12:05 UTC

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Financials ($)
Sales 2018 7 947 M
EBIT 2018 1 780 M
Net income 2018 1 041 M
Debt 2018 14 090 M
Yield 2018 2,90%
P/E ratio 2018 21,40
P/E ratio 2019 20,04
EV / Sales 2018 4,56x
EV / Sales 2019 4,54x
Capitalization 22 109 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 66,8 $
Spread / Average Target -4,2%
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NameTitle
James J. Judge Chairman, President & Chief Executive Officer
Werner J. Schweiger Chief Operating Officer & Executive Vice President
Philip J. Lembo Chief Financial Officer & Executive Vice President
Christine M. Carmody EVP-Human Resources & Information Technology
Cotton Mather Cleveland Independent Trustee
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