Eversource Surges on Plans to Shed Water, Offshore-Wind Assets
- Company in $1.1 billion deal to sell offshore wind stakes
- Initiating process to sell Aquarion water delivery business
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Eversource Energy surged the most in almost four years after announcing plans to exit the offshore-wind and water businesses, moves aimed at refocusing on its core business of delivering electricity and natural gas to customers in the US Northeast.
Eversource climbed as much as 8%, the most intraday since April 2020, and were up 4.5% to $56.97 at 11:25 a.m. in New York.