
Con Ed (ED) Stock Forecast & Price Target
Con Ed (ED) Analyst Ratings
Bulls say
Consolidated Edison's stock is supported by strong earnings, as evidenced by a first quarter earnings per share (EPS) that exceeds expectations while maintaining solid returns across its regulated utility businesses. Additionally, the company is in the process of finalizing a constructive three-year rate plan that addresses capital expenditures and cost of capital, which is likely to bolster its financial stability. Overall, the performance and outlook for the utilities segment suggest a robust foundation for continued growth following the divestiture of its clean energy business.
Bears say
The negative outlook on Consolidated Edison's stock is primarily driven by the inherent risks associated with regulatory outcomes that could be either constructive or detrimental, which directly affect the company's profitability and rate structures. Additionally, uncertainties surrounding capital expenditure forecasts and fluctuations in interest rates present significant concerns for future financial performance. Lastly, broader capital market volatility and potential load growth in other jurisdictions further complicate the operational landscape, creating additional headwinds for the company.
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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