
Con Ed (ED) Stock Forecast & Price Target
Con Ed (ED) Analyst Ratings
Bulls say
Consolidated Edison reported a positive earnings per share (EPS) performance in the first quarter, with sustained earned returns across its regulated utility businesses. The company is positioned favorably within a three-year rate plan that is expected to finalize before year-end, indicating strong capital expenditure and cost management strategies. Overall, these factors contribute to a constructive outlook on the underlying financial fundamentals of Consolidated Edison, especially following the strategic shift after the sale of its clean energy business.
Bears say
Consolidated Edison's outlook appears negative due to several inherent risks associated with electric utilities, particularly regarding regulatory outcomes that could become unfavorable and impact earnings. Additionally, uncertainties surrounding capital expenditures (capex) and potential fluctuations in interest rates pose significant challenges to the company's financial stability. These factors could hinder Con Ed's ability to generate consistent profits in an environment characterized by market volatility and varying operational conditions.
This aggregate rating is based on analysts' research of Con Ed and is not a guaranteed prediction by Public.com or investment advice.
Con Ed (ED) Analyst Forecast & Price Prediction
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