
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group has demonstrated strong financial performance, with year-over-year results reflecting a 22% increase, driven by contributions of +6 cents from the utility segment and +8 cents from Power & Other. The company has also reported significant growth in its backlog of large load inquiries, expanding from 6.4 GW to 9.4 GW, indicating robust demand for its services. Additionally, the organization benefits from higher rate base growth, favorable regulatory outcomes, and increased long-term contract pricing, particularly related to its clean energy initiatives and data center projects.
Bears say
Public Service Enterprise Group's stock faces a negative outlook due to several fundamental concerns, including investor apprehension surrounding management's recent commentary, which suggested that a significant deal, such as a data center collaboration, may be less likely this year. Additionally, the company is currently experiencing early-stage developments in resource adequacy solutions, coupled with a lack of immediate catalysts to drive stock performance. Furthermore, a higher interest rate environment poses a risk of contracting utility multiples, which could impact the stock's valuation significantly amid existing premium pricing.
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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