
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group reported a notable year-over-year increase of 22%, attributed to a rise of 6 cents at its utility sector and 8 cents at Power & Other segments. The company's backlog of large load inquiries experienced significant growth, expanding to 9.4 gigawatts from 6.4 gigawatts, highlighting a robust demand for services despite the size of data centers being smaller on average compared to hyperscalers. Additionally, the company benefits from higher rate base growth, favorable regulatory outcomes, and improved pricing for long-term contracts, reinforcing a positive financial trajectory.
Bears say
Public Service Enterprise Group's stock faces a negative outlook primarily due to several investor concerns that emerged during its recent earnings call, including management's commentary suggesting a reduced likelihood of a pending data center deal and a perception of a quiet catalyst calendar ahead. Additionally, the utility operates in an increasingly challenging environment where higher interest rates could lead to significant contraction in valuation multiples, particularly influencing investor sentiment negatively. Lastly, the ongoing development of resource adequacy solutions remains in its early stages, contributing to uncertainty regarding future growth and profitability prospects.
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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