
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group has demonstrated a positive financial trajectory, with a year-over-year increase of +5.7%, driven by contributions from both its utility segment and Power & Other operations. The company's outlook is further bolstered by a significant increase in its rate base, projected to grow approximately 12% over 2023, supporting an upward revision of its five-year capital expenditure plan to $22.5 billion - $26 billion, a $3.5 billion increase from previous estimates. Additionally, favorable regulatory outcomes and improved long-term contract pricing, including contracts linked to data center operations, contribute to a more robust financial foundation, marking a pivotal shift in the company’s growth strategy.
Bears say
Public Service Enterprise Group faces a negative outlook driven by several fundamental issues, including a projected decrease in EPS estimates for 2025-2028, reflecting potential market pressures affecting profitability. The company's exposure to fluctuating natural gas prices poses additional risks, as falling wholesale power prices could further squeeze margins. Additionally, the anticipated impact of a higher interest rate environment may lead to a contraction of utility multiples, negatively influencing overall valuation in the face of traditional utility risks such as rate case uncertainties and a lower capital expenditure outlook.
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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