$ESBear claim
Jul 31, 2026
The claim
“Eversource is a classic regulated utility with a durable multiple and a 4.2% growing dividend, but the dividend is funded by debt issuance, a red flag.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
The dividend is funded by debt issuance, not free cash flow, which is a red flag.
Risk
it's a classic regulated utility with a durable multiple, a 4.2% growing dividend and a balance sheet that's aggressive but serviceable
The structured call
Direction
Bearish
Catalyst
—
Target
—
The receipt
The claim is anchored to the moment it was said.