Tech Gains Ground Before Nvidia's Earnings as Bitcoin Drops Below $90,000: Market Movers for Wednesday
Nvidia Earnings Report: Nvidia Corp. is set to report its third-quarter earnings, which could influence market sentiment as the Nasdaq 100 shows slight recovery, with Nvidia's stock up nearly 2%.
Market Reactions: The S&P 500 experienced marginal gains while the Dow Jones Industrial Average fell 0.2%. Traders are also anticipating the minutes from the October Federal Open Market Committee meeting for insights on the Federal Reserve's future actions.
Energy Sector Developments: GE Vernova Inc. and Constellation Energy Inc. saw significant stock increases of nearly 6% each due to new contracts and a loan guarantee, respectively, while Eversource Energy faced a 9% drop after regulatory setbacks.
Crypto Market Decline: The cryptocurrency market is experiencing a downturn, with Bitcoin dropping below $90,000 and a total market cap contraction from $4.27 trillion to $3.02 trillion, alongside significant losses for major cryptocurrencies like Ethereum and Solana.
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- Non-GAAP EPS: Eversource Energy reported a non-GAAP earnings per share of $4.76 for 2025, up from $4.57 in 2024, reflecting strong operational performance and capital investments, which is expected to bolster investor confidence.
- Capital Investment Plan: The company announced a new $26.5 billion five-year capital investment plan, increasing by $2.3 billion, primarily targeting electric and natural gas distribution, aimed at enhancing infrastructure to support future growth.
- Future Outlook: Eversource projects 2026 earnings per share in the range of $4.80 to $4.95, facing challenges from the timing of regulatory outcomes and the potential impact of the Aquarion Water Company sale, but management remains optimistic about earnings growth in 2027 and 2028.
- Financial Flexibility: Management emphasized ongoing proactive engagement with regulators to ensure funding flexibility and necessary measures regarding the sale of Aquarion Water Company and storm cost recovery to address future uncertainties.
- Non-GAAP EPS Achievement: Eversource Energy reported a non-GAAP earnings per share of $4.76 for 2025, aligning with its guidance range, indicating stability and growth potential in its financial performance.
- Capital Investment Success: The company successfully deployed over $4 billion in capital investments in 2025, advancing grid modernization and supporting decarbonization goals, thereby enhancing its competitive edge in the renewable energy sector.
- Smart Meter Installations: Eversource installed over 100,000 smart meters in Massachusetts as part of a broader initiative to upgrade 1.5 million meters, which will improve customer service quality and optimize operational efficiency.
- Financial Condition Improvement: The company improved its FFO-to-debt ratio by over 400 basis points in the past year, strengthening its balance sheet and enhancing its future financing capabilities to support ongoing growth.
- Strong Earnings Performance: Eversource Energy reported a Q4 2025 non-GAAP EPS of $1.12, beating expectations by $0.02, indicating a sustained enhancement in the company's profitability.
- Significant Year-over-Year Growth: The earnings of $421.3 million in Q4 2025 represent a substantial increase from $72.5 million in Q4 2024, showcasing the company's robust recovery and growth potential in the market.
- Increase in Non-GAAP Earnings: The non-GAAP earnings for Q4 2025 reached $421.3 million, up 13.5% from $370.8 million in Q4 2024, reflecting the company's success in cost control and operational efficiency.
- Optimistic Market Outlook: Despite facing risks, analysts generally believe that Eversource Energy has significant long-term return potential, particularly as investments in renewable energy are expected to drive future growth.
- Significant Earnings Increase: Eversource Energy reported fourth-quarter earnings of $421.306 million, or $1.12 per share, a substantial rise from last year's $72.520 million and $0.20 per share, indicating a marked improvement in the company's profitability.
- Notable Revenue Growth: The company's revenue surged by 13.4% in the fourth quarter, increasing from $2.971 billion last year to $3.370 billion, reflecting positive performance in market demand and operational efficiency.
- Stable Adjusted Earnings: Excluding special items, Eversource Energy's adjusted earnings also stood at $421.3 million, or $1.12 per share, demonstrating the stability and profitability of the company's core operations.
- Optimistic Market Outlook: With significant growth in earnings and revenue, Eversource Energy is positioned with a stronger financial foundation for future market competition, which is expected to further drive the company's strategic development in the energy sector.
- Full-Year Earnings Growth: Eversource Energy reported a net income of $1.69 billion for 2025, translating to $4.56 per share, a significant increase from $811.7 million and $2.27 per share in 2024, indicating robust performance and enhanced profitability in the energy sector.
- Non-GAAP Earnings Performance: The company's non-GAAP recurring earnings reached $1.77 billion, or $4.76 per share, up from $1.63 billion and $4.57 per share in 2024, reflecting ongoing improvements in operational efficiency and cost management.
- Expanded Investment Plan: Eversource unveiled a five-year investment plan totaling $26.5 billion for 2026 to 2030, an increase of $2.3 billion over the previous $24.2 billion plan, primarily aimed at enhancing electric and natural gas distribution infrastructure to meet future customer demands and clean energy objectives.
- Optimistic Future Outlook: The company anticipates earnings per share between $4.80 and $4.95 for 2026, with a long-term growth rate of 5% to 7%, demonstrating Eversource's confidence in sustainable growth and strategic planning in a competitive market.









