There's an under-the-radar utility stock on Josh Brown's list that's ready to break out

Key Points:

• Eversource Energy (ES), a leading regulated gas transmission and electrical utility in New England, is poised for a potential breakout with an upcoming earnings report that could trigger further stock gains.
• The company serves 4.6 million customers across Connecticut, Massachusetts, and New Hampshire, with $64 billion in assets, and is planning $26.5 billion in investments from 2026 to 2030 focused on electrification and infrastructure modernization.
• Despite a recent regulatory cut in return on equity impacting near-term earnings guidance, Eversource is expected to grow EPS by 5–7% annually through 2030, supported by strong demand growth in electricity driven by EVs and heat pumps.
• The stock has recently broken out of a multi-month trading range, reaching levels not seen in a year, with technical indicators suggesting momentum for further gains, while support levels at $66 and $71 provide clear risk management points.
• Investors are currently valuing Eversource at about 16 times forward earnings with a 4.2% dividend yield, reflecting a discount compared to peers, and the company’s recent strategic moves have positioned it as a pure-play regulated utility with improving fundamentals.