Eversource Energy shares have dropped over 13% this week, heading for their worst weekly decline since March 2020 after Connecticut regulators blocked its $2.4 billion Aquarion Water sale. The stock fell 12.8% on Wednesday alone. Mizuho said the halted deal would have aided credit metrics but still sees limited upside given persistent regulatory pressure in Connecticut.
short by
/
02:48 pm on
21 Nov