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A more affordable and less risky way to benefit from the surge in electricity consumption across the country



As electric vehicle adoption continues to increase around the country, there are various investment opportunities to consider. One way to play this trend is by investing in a regional utility company like Eversource Energy (ES). California has long been a leader in transforming auto emissions, setting requirements for clean cars and fuels. While some areas of California have high rates of electric vehicle adoption, many other regions in the country still lag behind. Investing in businesses that install EV chargers or forward-thinking gas station operators may seem like a logical choice, but betting on a regional utility like Eversource Energy could also be a smart move.

Eversource Energy is a public utility holding company that operates in the electric distribution, electric transmission, natural gas distribution, and water distribution segments. The company serves residential, commercial, industrial, municipal, and fire protection customers in Connecticut, Massachusetts, and New Hampshire. With the increasing demand for electricity due to the growing adoption of electric vehicles, regional utilities like Eversource Energy are poised to experience steady growth. Although the stock has not performed particularly well recently, this may present an investment opportunity for those looking to capitalize on the electric vehicle trend.

When considering a bullish bet on Eversource Energy, one strategy is to purchase a call option with a longer expiration date, such as the January 2025 $60 strike calls. This approach allows investors to make a bullish bet with a smaller capital outlay, providing the opportunity to potentially profit from a rebound in the stock price. A stop loss at $2 could be considered in case no resurgence emerges, mitigating potential losses. It is important for investors to conduct thorough research and seek advice from financial advisors before making any investment decisions.

In conclusion, as electric vehicle adoption continues to grow across the country, investing in companies like Eversource Energy could provide exposure to the increasing demand for electricity. Regional utilities are well-positioned to benefit from this trend, offering steady growth potential for investors. By considering investment strategies like purchasing call options with longer expiration dates, investors can capitalize on the electric vehicle trend while managing risk. However, it is essential for investors to carefully evaluate their individual circumstances and seek professional advice before making any financial decisions.

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