
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group reported a significant year-over-year earnings increase of 14 cents, or 22%, driven primarily by gains in both its utility segment and Power & Other. The company’s backlog of large load inquiries expanded to 9.4 gigawatts, reflecting robust demand and a diverse customer base, indicating strong future revenue potential. Furthermore, the outlook is bolstered by higher rate base growth, favorable regulatory outcomes, and increased pricing from long-term contracts, particularly those associated with data center initiatives.
Bears say
Public Service Enterprise Group has experienced a sell-off in its stock, driven by investor concerns regarding the likelihood of strategic deals and the company's current positioning in a challenging market environment. The company faces headwinds related to resource adequacy solutions that are still in early stages and a lack of forthcoming catalysts to stimulate growth. Additionally, in a higher interest rate environment, utility multiples may contract significantly, applying further 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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