
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group has demonstrated a robust financial performance, with a year-over-year increase of $0.20 or 5.7%, driven by contributions from both the utility segment and Power & Other divisions. The company's anticipated revenue has been revised upward to a range of $18.0-21.0 billion, reflecting a $3.0 billion increase at the midpoint, predominantly due to significant growth in the 2024 rate base, projected to rise by approximately 12% over 2023 levels. Additionally, a bolstered five-year capital expenditure plan, increasing to between $22.5 billion and $26 billion, underlines management's commitment to sustained growth, supported by favorable regulatory outcomes and enhanced long-term contract pricing.
Bears say
Public Service Enterprise Group faces a challenging financial outlook due to projected lower earnings per share (EPS), with revisions indicating a decline from previous estimates across the 2025-2028 period. Additionally, the potential for falling natural gas prices may reduce wholesale power prices, thereby compressing power margins and adversely impacting profitability. The elevated interest rate environment poses further risks, as it could lead to a contraction in utility valuation multiples, negatively affecting the company's overall financial standing.
This aggregate rating is based on analysts' research of Public Service Enterprise Group and is not a guaranteed prediction by Public.com or investment advice.
PEG Analyst Forecast & Price Prediction
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