#ConsolidatedEdison hashtag - Bluesky

@lronlacy.bsky.social

2 weeks ago

‘NRA Code Retail Trade’
#BereniceAbbott #Manhattan #WPA #FederalArtProject #photographyart #photographers #urbanphotography #streetphotography #blackandwhitephotography #UnionSquare #ConsolidatedEdison #ConEdBuilding #TheNewDeal #NRA #NationalRecoveryAdministration

6 0 1 0

Profit Trading USA

@profittradingusa.bsky.social

7 months ago

BofA double-downgrades Consolidated Edison on regulatory headwinds, shares slip Investing.com -- Bank of America has double-downgraded Consolidated Edison Inc (NYSE:ED) to Underperform from Buy, citing a tougher regulatory backdrop and heightened affordability pressures in New York. The firm also cut its price objective to $101 from $112, saying it sees “limited upside under the current regulatory and political climate.” Shares in the energy firm slipped 1.4% in premarket trading Friday by 08:34 ET. The downgrade follows growing concerns over the company’s latest rate case filing, which included a steep first-year increase and has drawn strong pushback. The company’s proposal seeks an ~18% increase in electric revenue, largely driven by higher capital spending and a $434 million jump in property taxes, as well as a 10.1% allowed return on equity. In contrast, the New York PSC staff recommended a much smaller increase and a lower return on equity (ROE), stressing that “affordability must take presence.” BofA analysts warned that upcoming political changes could add further uncertainty. Four of the seven PSC commissioners, including the current chair, have terms ending in early 2027, meaning the 2026 gubernatorial election could reshape regulatory dynamics. The bank trimmed its EPS forecasts for 2025-2027 to $5.60, $6.01, and $6.31, respectively, from $5.63, $6.03, and $6.33, and now projects a long-term earnings per share (EPS) compound annual growth rate (CAGR) of 5.7%. It also lowered valuation assumptions, applying a 10% discount to Con Edison’s electric, gas, and steam businesses, “mainly due to the significant amount of affordability issues in NYC” and the ongoing rate case risk. While BofA acknowledged that Consolidated Edison continues to benefit from stable earnings mechanisms and a strong balance sheet, it said that the company’s targeted 8.2% rate base CAGR through 2029 looks "ambitious" given current regulatory and political conditions. The bank also pointed out that Con Edison Transmission (CET), the company’s transmission business, retains a 20% premium for its FERC-regulated cash flows, but added that “despite these offset, downside risk outweighs reward under current policy dynamics.” With ED making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed ED alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including ED, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is ED poised for similar growth? Don't miss the opportunity to find out.

Click Subscribe #BofA #ConsolidatedEdison #Downgrade #StockMarket #Investing

0 0 0 0

@lronlacy.bsky.social

8 months ago

‘The System Companies of Consolidated Edison’ July 1939
#ConsolidatedEdison #utilities #powercompanies

1 0 1 0

@lronlacy.bsky.social

9 months ago

Night (📷 Peter Campbell)
#photography #photographers #NYWorldsFair1939 #ConEd #ConsolidatedEdison #CityofLight #1939NYWorldsFair

2 0 0 0

@lronlacy.bsky.social

9 months ago

Nightfall (📷 Peter Campbell)
#photography #photographers #NYWorldsFair1939 #ConEd #ConsolidatedEdison #CityofLight #1939NYWorldsFair

3 0 1 0

@lronlacy.bsky.social

9 months ago

Here: dusk, with the subway visible below
#NYWorldsFair1939 #ConEd #ConsolidatedEdison #CityOfLight #1939NYWorldsFair

0 0 1 0

@lronlacy.bsky.social

9 months ago

#OTD in 1939 at the NY World’s Fair
View, on June 24, 1939, of the fountains along the façade of the Pavilion of #ConsolidatedEdison, the utility serving greater New York City, in the Production & Distribution Zone.
(Photo Library of Congress)
#modernarchitecture #photography