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Syncarpha Capital is transforming a 28-acre cranberry bog in Carver, Massachusetts, into a 7.1 MW-DC community solar installation, complemented by a 4 MW battery storage system. This project, part of the SMART program, will provide clean energy to local residents and institutions, while promoting agricultural preservation and grid stabilization. In its first year, it is expected to generate approximately 9,500 MWh, benefiting around 350 low-income residents and key offtakers like Millton Academy and Tufts University.
Eversource Energy reported earnings of $1.13 per share for the quarter, exceeding estimates of $1.08, with a revenue of $3.06 billion, reflecting a 9.7% increase year-over-year. The company declared a quarterly dividend of $0.715, yielding 4.44%, despite a negative net margin of 4.73%. Analysts project an EPS of 4.56 for the current year, while institutional investors hold 79.99% of the stock.
Eversource Energy, a key player in the distribution of electricity and natural gas across Connecticut, Massachusetts, and New Hampshire, reported net sales with 62.3% from electricity distribution, 14.7% from natural gas, 12% from electricity transmission, and 11% from other services. In 2023, the company sold 49,568 GWh of electricity and distributed 4 billion cubic meters of natural gas. UBS has maintained a buy recommendation for the company.
Boston Medical Center has launched the Clean Power Prescription program, providing solar energy assistance to approximately 80 patients with chronic medical needs, helping them reduce utility bills by about $50 monthly. The initiative, supported by 519 solar panels, aims to address the financial burdens of energy costs, particularly for low-income patients. With plans for expansion, the hospital seeks additional partners to increase the program's reach and impact on health outcomes.

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