
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group demonstrated strong financial performance, with a year-over-year results increase of +5.7%, driven by contributions from both its utility and Power & Other segments. The company anticipates a significant growth in its rate base, projecting a 12% increase in 2024 over 2023, alongside regulatory outcomes and higher long-term contract pricing that further enhance its revenue outlook. Additionally, the increase in the five-year capital expenditure plan by $3 billion, now estimated at $22.5 billion to $26 billion, underscores the company's commitment to strategic growth and infrastructure investment.
Bears say
Public Service Enterprise Group faces headwinds that contribute to a negative outlook on its stock, including a modestly revised down forecast for its EPS estimates for 2025-2028, indicating a potential decline in earnings growth. The company's reliance on the wholesale power market is a concern, as falling natural gas prices could lead to reduced power margins, thereby impacting profitability. Additionally, the risk of a higher interest rate environment could compress utility multiples, further stressing the company's financial performance and valuation metrics.
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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