Themes / Cluster
Active · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Regulated Electric Utilities · ES

THE TRADER READShared activity without a clean directional read

Price direction is split across 3 measured members. Capital-flow confirmation is unavailable.

Price breadth2 up · 1 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowBuilding_pressureActivity score 38/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

WED, MAY 6ES filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THU, JUL 30D filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

3/3 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across D, ES, NEE.

credit / rates affecting interest expense

“Those earnings increases were partially offset by higher interest expense, higher depreciation expense, higher operations and maintenance expense and higher property tax expense.”

ES 10-Q · 2026-05-07
tariffs / trade costs affecting expense

“The variance in tracked distribution revenues in 2025, as compared to 2024, is due primarily to the following: (Millions of Dollars) Electric Distribution Natural Gas Distribution Retail Tariff Tracked Revenues: Energy supply procurement $ (128.7) $ 231.7 Retail transmission 245.2 — CL&P NBFMCC 153.3 — CL&P System Benefit Charge 94.6 — Energy efficiency 26.1 80.5 Other distribution tracking mechanisms 123.4 (2.3) Wholesale Market Sales Revenue 345.8 22.1 Fluctuations in retail tariff tracked revenues are driven by adjustments to retail rates to recover costs and changes in sales volumes.”

ES 10-K · 2026-02-17
restructuring

“Our water distribution segment recognized a $297 million impairment charge in 2024 as a result of writing down the carrying value of the business to fair value due to the expected sale of Aquarion.”

ES 10-K · 2026-02-17
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
ES → UVXYPositive historical lead/lag · strength 0.23
ES → EMBInverse historical lead/lag · strength -0.20

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
ESDNEE

3/3 active2 rising · 1 falling

MemberUnusual activityToday's moveRead now
ESEversource Energy
Most unusual · 100/100
-0.2%
Active; unclassifiedHistorical role unavailable
DDominion Energy, Inc.
Elevated · 96/100
+0.5%
Active; unclassifiedHistorical role unavailable
NEENextEra Energy, Inc.
Elevated · 78/100
+0.1%
Active; unclassifiedHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
ESEversource EnergyMost unusual-0.2%—Most unusual activity in this snapshot; performance direction may differ.
DDominion Energy, Inc.Participating+0.5%—Price participation is not yet confirmed by per-name flow.
NEENextEra Energy, Inc.Participating+0.1%—Price participation is not yet confirmed by per-name flow.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.