Consolidated Edison Is Up 13% YTD. Is There More Upside Ahead?
Consolidated Edison (ED) stock has risen 13% year-to-date, trading near $112 per share, driven by reaffirmed long-term earnings growth targets, significant capital investment plans, and steady institutional accumulation. Despite a recent earnings miss, the company's predictable regulated returns and infrastructure spending are expected to expand its rate base and drive future earnings growth. TIKR's valuation model suggests a target price of $137, implying a 23% upside due to regulated rate base expansion, capital discipline, and consistent earnings.
https://www.tikr.com/blog/consolidated-edison-is-up-13-ytd-is-there-more-upside-ahead