
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group has demonstrated a strong year-over-year performance, with a notable increase of 22%, driven by contributions of +6 cents from the utility sector and +8 cents from Power & Other operations. Additionally, the company's backlog of large load inquiries has expanded significantly from 6.4 GWs to 9.4 GWs, indicating robust demand despite the size of individual data centers being smaller than those of hyperscalers. Furthermore, the growth in the rate base, favorable regulatory outcomes, and increased long-term contract pricing, particularly from collocated data center contracts, contribute to a positive financial outlook for the company.
Bears say
Public Service Enterprise Group faces several pressures that contribute to a negative outlook for its stock. These include a decline in investor sentiment following management's comments, which led to an increased perception of reduced likelihood for future deals, alongside the challenge of evolving resource adequacy solutions remaining at an early development stage. Additionally, the utility's current standalone valuation premium, coupled with the possibility of a higher interest rate environment impacting utility multiples, exacerbates concerns regarding the company's future earnings potential.
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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