NSTAR Electric Company

NSARO

Regulated Electric · Utilities

Price

$78.00

+0.00 (+0.00%)

Market Cap

$28.76B

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count rising — dilution

+7.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 345.7M (2021) → 371.3M (2025)

NSTAR Electric Company is a regulated electric utility that delivers electricity to homes and businesses across Massachusetts. It is a subsidiary of Eversource Energy, one of the largest energy delivery companies in New England. NSTAR Electric owns and operates the power lines, substations, and infrastructure that move electricity from generators to roughly 1.4 million customers in the Boston area and surrounding communities.

The company earns money through regulated rates approved by state regulators, meaning it charges customers a set price for delivering electricity and earns a predictable return on its infrastructure investments. Because rates are set by the government, NSTAR Electric faces limited competition but also limited upside — profits are capped by regulators. The main growth driver is ongoing investment in grid upgrades and clean energy infrastructure to support Massachusetts' ambitious renewable energy goals, while the key risk is regulatory pressure to keep customer bills affordable as those infrastructure costs rise.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+344.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+250.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

100.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$270.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

NSTAR Electric Company grew revenue 344% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

66.3%

Premium pricing power — 66.3% gross margin

Operating Margin

23.9%

Excellent — 23.9% operating margin

ROCE

0.0%

Weak — 0.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+97.4%

Fast-growing sales (97.4% YoY)

EPS YoY

+60.7%

Earnings growing fast (60.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

319774%

Turns 319774% of profit into real cash

FCF Margin

45755.3%

Converts sales into free cash efficiently (45755.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity

1.27

Elevated debt (1.27)

Interest Cover

1.32x

Dangerous — barely covers interest (1.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

27.3x

Growth-priced — P/E 27.3

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

6.13%

Healthy income — 6.13% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth

+0.0%

Dividend flat

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