Utilities companies are generally considered to be a safe-haven investment during moments of political turmoil. Earlier today, two guys from Queens, New York struck up a conversation. They agreed on many things. Both love the city:

In the Oval Office, President Donald Trump leaned toward New York’s mayor-elect, Zohran Mamdani, and said, “We have to get Con Edison to start lowering the rates.” Mamdani didn’t hedge. “Absolutely,” he replied.

Consolidated Edison’s ED systematic capital investment plan should further boost its operations and improve its service reliability. The expansion of the company’s renewable energy portfolio enhances its ability to derive economic value and meet key ESG objectives through utility-scale renewable developments.

Con Edison has agreed to cut proposed rate hikes for New York City and Westchester customers under a new three-year plan.

This was the stock's second consecutive day of losses.

President Donald Trump on Friday praised New York City Mayor-elect Zohran Mamdani after their White House meeting, calling it "really good, very productive."

Morgan Stanley analyst David Arcaro lowered the firm’s price target on Consolidated Edison (ED) to $98 from $100 and keeps an Underweight rating