Consolidated Edison

ED

Market cap $36.7B

Consolidated Edison is boosting grid reliability with major infrastructure investments, but regulatory rate risks could limit cost recovery.

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Consolidated Edison faces strong demand growth but is challenged by high capital spending, rising debt, and political scrutiny in its core markets. Its recent financials show modest revenue growth, increased earnings, and ongoing share dilution due to capital raises and investment needs. Despite a lower dividend yield and improved payout ratio, leverage remains high, and future rate hikes face political opposition, adding uncertainty.

Lowering Con Ed's NYC electricity prices were a topic of discussion between President Donald Trump and New York City Mayor-elect Zohran Mamdani during their Oval Office meeting.

ED's massive capital plan and expanding renewables aim to boost reliability and advance its net-zero push despite regulatory constraints.

ED posts a solid Q3, with earnings and revenue gains driving a guidance boost toward the upper end of its 2025 range.

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