
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group has demonstrated a robust year-over-year earnings increase of 22%, driven by improvements in both its utility segment and its power operations, indicating strong operational performance. The company has also experienced a significant increase in its backlog of large load inquiries, which grew from 6.4 GW to 9.4 GW, suggesting a growing demand for its services and future revenue potential. Additionally, the positive outlook is supported by higher rate base growth, favorable regulatory outcomes, and enhanced long-term contract pricing in the power segment, positioning the company for sustained financial strength.
Bears say
Public Service Enterprise Group's stock outlook is negatively impacted by several fundamental concerns, including the perception among investors that management has indicated a reduced likelihood of securing a significant data center deal in the near term. Additionally, the current high interest rate environment poses a risk of utility multiples contracting, which could adversely affect the company's market valuation. Furthermore, a lack of upcoming catalysts and the early stage of resource adequacy solutions contribute to uncertainty around growth prospects, exacerbating investor apprehension.
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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