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Eversource Energy Hit by Connecticut Regulators Over $2.4 Billion Aquarion Deal
ByAinvest
Saturday, Nov 22, 2025 11:12 pm ET1min read
Eversource Energy (ES) has been dealt a blow by Connecticut regulators who rejected its $2.4 billion sale of water utility Aquarion, citing managerial suitability and responsibility concerns. Despite reaffirming its FY 2025 adjusted EPS guidance of $4.72-$4.80, the company's shares slumped after Scotiabank lowered its price target to $63 and maintained an 'Underperform' rating.
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