
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group demonstrated a strong year-over-year earnings increase of $0.14, or 22%, attributed to a $0.06 improvement at its utility segment and an $0.08 uplift at its Power & Other segment. Additionally, the company saw its backlog of large load inquiries surge to 9.4 gigawatts from 6.4 gigawatts at the end of March, indicating robust demand growth despite the smaller size of the data centers compared to hyperscalers. Furthermore, management highlighted higher rate base growth, favorable regulatory outcomes, and increased long-term contract pricing in the Power segment, contributing to a positive overall financial outlook for the company.
Bears say
Public Service Enterprise Group faces considerable headwinds that contribute to a negative outlook on its stock. Key factors include the perception among investors that management's commentary indicated that potential data center deals are less likely this year, which complicates growth prospects. Moreover, in a higher interest rate environment, utility multiples may contract significantly, heightening the risk to the company's valuation as it navigates a quiet catalyst calendar and ongoing challenges with resource adequacy solutions.
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
Start investing in PEG
Order type
Buy in
Order amount
Est. shares
0 shares