
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group reported a year-over-year increase in earnings of 14 cents or 22%, driven by improvements of 6 cents at the utility sector and 8 cents at Power & Other. The company's backlog of large load inquiries rose significantly to 9.4 gigawatts from 6.4 gigawatts, indicating increased demand and potential future growth in capacity. Furthermore, higher rate base growth and favorable regulatory outcomes, alongside improved long-term contract pricing, particularly related to data center contracts, contribute to a strengthened financial outlook for the company.
Bears say
Public Service Enterprise Group's stock outlook is negatively impacted by several fundamental issues, including investor concerns regarding the likelihood of future deal announcements and the perception of management's guidance as potentially less favorable. Additionally, the company is facing challenges related to its resource adequacy solutions, which remain underdeveloped, alongside a quiet catalyst calendar that limits near-term growth drivers. The prevailing high interest rate environment poses a risk of utility multiples contracting, leading to further downward pressure on the stock's 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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