
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group has demonstrated strong financial performance, with a 22% year-over-year increase in results, attributed to a 6-cent increase from the utility segment and an 8-cent increase from the Power & Other segment. The company has also seen significant growth in its backlog of large load inquiries, rising from 6.4 GWs to 9.4 GWs, indicating a robust demand for its services. Additionally, favorable factors such as higher rate base growth, improved regulatory outcomes, and increased long-term contract pricing contribute to a positive outlook for the company's financial stability and growth potential.
Bears say
Public Service Enterprise Group is facing several challenges that contribute to a negative outlook on its stock. Key issues include investor concerns over management's comments suggesting a reduced likelihood of a data center deal, the early stages of resource adequacy solutions, and a quiet catalyst calendar, which collectively dampen investor enthusiasm. Additionally, the potential for utility multiples to contract in the current higher interest rate environment poses further risks to achieving favorable stock performance.
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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