Eversource Energy

ES

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Utilities
USA
Large Cap

Eversource Energy is not Shariah Compliant because it fails the financial ratios.

2.14%

Impure Income*

$0.165

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
HOLD
2.29%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
22.06%
12.55%
0.59
0.65
2.02%

Shariah Compliance

  • Updated on September 15, 2026
Debt
100%
✗
Non-Compliant Assets
1.2%
✓
Impure Income
2.14%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
✗
Impure Income
2.14%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income
2.14%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
47%
✗
Cash
3.37%
✓
Cash & AR
7.11%
✓
Impure Income
2.14%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
47%
✗
Cash
3.37%
✓
Cash & AR
7.11%
✓
Impure Income
2.14%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
2.14%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Eversource Energy is a utility holding company, which is engaged in the energy delivery business through its utility subsidiaries. The Company’s segments include Electric Distribution, Electric Transmission, and Natural Gas Distribution. The Electric Distribution segment is engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts and New Hampshire, respectively, and the solar power facilities of NSTAR Electric Company. The NSTAR Electric Company’s distribution business consists primarily of the purchase, delivery and sale of electricity to its residential, commercial and industrial customers. The Electric Transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The Natural Gas Distribution segment is engaged in the distribution and sale of natural gas to customers.