Public Service Enterprise Group Downgraded by Jefferies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2026
0mins
Source: seekingalpha
Public Service Enterprise Group Inc (PSEG) saw a decline of 3.02% as it hit a 20-day low amid broader market weakness, with the Nasdaq-100 down 0.21% and the S&P 500 down 0.41%.
The stock's drop follows a downgrade by Jefferies from Buy to Hold, with a price target set at $89. This downgrade was primarily due to reduced confidence in a nuclear data center deal, which has led to diminished investor interest in PSEG's existing assets. Analyst Paul Zimbardo expressed caution regarding the company's ability to secure new projects, particularly in light of concerns over transmission risks that could impact share prices.
This downgrade reflects broader concerns about PSEG's future growth prospects and investor sentiment, particularly as the company navigates challenges in the energy sector and regulatory environment.
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Analyst Views on PEG
Wall Street analysts forecast PEG stock price to rise
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 79.150
Low
83.00
Averages
89.77
High
98.00
Current: 79.150
Low
83.00
Averages
89.77
High
98.00
About PEG
Public Service Enterprise Group Incorporated is a regulated infrastructure company operating New Jersey’s transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. It also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units. The Company principally conducts its business through two direct wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). Its segments include PSE&G and PSEG Power. PSE&G segment is a public utility engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSEG Power is an energy supply company that consists of the operations of merchant nuclear generating assets and fuel supply functions engaged in competitive energy sales via its principal direct wholly owned subsidiaries. The Company also has other wholly owned subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PSEG Foundation's 2026 Community Assistance Program Launches
- Funding Allocation: The PSEG Foundation will allocate $1.2 million in its 2026 Neighborhood Partners Program to support nonprofits providing utility assistance, food support, and critical community services, aiming to help families and communities access essential resources.
- Application Period: Applications for the program will be open from June 1 to June 30, 2026, with grants ranging from $500 to $15,000, which is expected to enhance the accessibility and effectiveness of community services.
- Historical Impact: Since its inception in 2014, the program has provided over $9.8 million in funding to 825 organizations across New Jersey and Long Island, with $8.9 million specifically invested in New Jersey, demonstrating ongoing support for local communities.
- Community Collaboration: The PSEG Foundation partners with various nonprofits to enhance economic empowerment and environmental sustainability, ensuring communities receive necessary support and services in the face of rising living costs.
See More
Public Service Enterprise Group Q1 2026 Earnings Highlights
- Strong Financial Performance: Public Service Enterprise Group (PSEG) reported a net income of $1.48 per share and non-GAAP operating earnings of $1.55 per share for Q1 2026, maintaining its full-year non-GAAP operating earnings guidance in the range of $4.28 to $4.40 per share, reflecting confidence in stable earnings.
- Capital Expenditure Plan: PSEG is on track with a capital spending plan of approximately $4.2 billion for 2026, and management's collaboration with the New Jersey government to keep electric rates flat in 2026 not only aids customer affordability but also enhances the company's competitive position in the market.
- Customer Refund Expectations: The anticipated FERC ruling is expected to result in over $100 million in refunds for PSE&G customers, which will directly improve customer billing situations and further enhance customer satisfaction and loyalty.
- Demand Response Program: PSEG's demand response program has enrolled over 32,000 residential and small business customers, showcasing the company's proactive efforts in promoting renewable energy and smart grid initiatives, aimed at improving overall operational efficiency and market adaptability.
See More
PEG Q1 2026 Earnings Call Transcript
See More
Public Service Enterprise Group Q1 Earnings Exceed Expectations
- Earnings Beat: Public Service Enterprise Group (PEG) reported a Q1 Non-GAAP EPS of $1.55, exceeding expectations by $0.12, which reflects strong profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $3.85 billion in Q1, marking a 19.6% year-over-year increase and surpassing market expectations by $500 million, indicating robust market performance amid rising electricity demand.
- Guidance Maintained: PEG has maintained its 2026 Non-GAAP operating earnings guidance at $4.28 to $4.40 per share, demonstrating management's confidence in future performance, which is likely to attract more investor interest in its long-term growth potential.
- Market Focus: As demand for electric vehicles and data centers drives a surge in global electricity needs, PEG's performance has drawn market attention to power stocks, potentially creating more investment opportunities for the company.
See More
Public Service Enterprise Group Maintains 2026 Earnings Guidance
- Earnings Guidance Stability: Public Service Enterprise Group reported its Q1 results while maintaining its 2026 operating earnings guidance between $4.28 and $4.40 per share, indicating strong confidence in future profitability, which is likely to attract investor interest.
- Long-Term Growth Outlook: The company anticipates a compound annual growth rate for operating earnings of 6% to 8% through 2030, reflecting its competitive position and sustainable growth potential in the market.
- Stock Performance: In Thursday's pre-market trading, PEG's stock was priced at $81.62, up $1.18 or 1.46%, indicating market recognition of the company's financial health, which may further boost investor confidence.
- Market Reaction: The decision to maintain earnings guidance and long-term growth expectations is likely to enhance market trust in PEG, potentially improving its stock performance and market share in future trading sessions.
See More
Public Service Enterprise Group Reports Increased Q1 Profit
- Profit Growth: Public Service Enterprise Group reported a first-quarter profit of $741 million, translating to earnings per share of $1.48, which marks a significant increase from last year's $589 million and $1.18 per share, indicating strong market performance.
- Adjusted Earnings: Excluding special items, the adjusted earnings stood at $778 million or $1.55 per share, reflecting the robustness of the company's core operations and an enhancement in profitability.
- Revenue Increase: The company experienced a 19.4% year-over-year revenue growth, reaching $3.848 billion compared to $3.222 billion last year, showcasing success in business expansion and market demand.
- Future Guidance: The company provided full-year EPS guidance in the range of $4.28 to $4.40, demonstrating management's confidence in future performance and likely continuing to foster positive investor sentiment.
See More
PSEG Foundation's 2026 Community Assistance Program Launches
- Funding Allocation: The PSEG Foundation will allocate $1.2 million in its 2026 Neighborhood Partners Program to support nonprofits providing utility assistance, food support, and critical community services, aiming to help families and communities access essential resources.
- Application Period: Applications for the program will be open from June 1 to June 30, 2026, with grants ranging from $500 to $15,000, which is expected to enhance the accessibility and effectiveness of community services.
- Historical Impact: Since its inception in 2014, the program has provided over $9.8 million in funding to 825 organizations across New Jersey and Long Island, with $8.9 million specifically invested in New Jersey, demonstrating ongoing support for local communities.
- Community Collaboration: The PSEG Foundation partners with various nonprofits to enhance economic empowerment and environmental sustainability, ensuring communities receive necessary support and services in the face of rising living costs.
See More
Public Service Enterprise Group Q1 2026 Earnings Highlights
- Strong Financial Performance: Public Service Enterprise Group (PSEG) reported a net income of $1.48 per share and non-GAAP operating earnings of $1.55 per share for Q1 2026, maintaining its full-year non-GAAP operating earnings guidance in the range of $4.28 to $4.40 per share, reflecting confidence in stable earnings.
- Capital Expenditure Plan: PSEG is on track with a capital spending plan of approximately $4.2 billion for 2026, and management's collaboration with the New Jersey government to keep electric rates flat in 2026 not only aids customer affordability but also enhances the company's competitive position in the market.
- Customer Refund Expectations: The anticipated FERC ruling is expected to result in over $100 million in refunds for PSE&G customers, which will directly improve customer billing situations and further enhance customer satisfaction and loyalty.
- Demand Response Program: PSEG's demand response program has enrolled over 32,000 residential and small business customers, showcasing the company's proactive efforts in promoting renewable energy and smart grid initiatives, aimed at improving overall operational efficiency and market adaptability.
See More
PEG Q1 2026 Earnings Call Transcript
See More
Public Service Enterprise Group Q1 Earnings Exceed Expectations
- Earnings Beat: Public Service Enterprise Group (PEG) reported a Q1 Non-GAAP EPS of $1.55, exceeding expectations by $0.12, which reflects strong profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $3.85 billion in Q1, marking a 19.6% year-over-year increase and surpassing market expectations by $500 million, indicating robust market performance amid rising electricity demand.
- Guidance Maintained: PEG has maintained its 2026 Non-GAAP operating earnings guidance at $4.28 to $4.40 per share, demonstrating management's confidence in future performance, which is likely to attract more investor interest in its long-term growth potential.
- Market Focus: As demand for electric vehicles and data centers drives a surge in global electricity needs, PEG's performance has drawn market attention to power stocks, potentially creating more investment opportunities for the company.
See More
Public Service Enterprise Group Maintains 2026 Earnings Guidance
- Earnings Guidance Stability: Public Service Enterprise Group reported its Q1 results while maintaining its 2026 operating earnings guidance between $4.28 and $4.40 per share, indicating strong confidence in future profitability, which is likely to attract investor interest.
- Long-Term Growth Outlook: The company anticipates a compound annual growth rate for operating earnings of 6% to 8% through 2030, reflecting its competitive position and sustainable growth potential in the market.
- Stock Performance: In Thursday's pre-market trading, PEG's stock was priced at $81.62, up $1.18 or 1.46%, indicating market recognition of the company's financial health, which may further boost investor confidence.
- Market Reaction: The decision to maintain earnings guidance and long-term growth expectations is likely to enhance market trust in PEG, potentially improving its stock performance and market share in future trading sessions.
See More
Public Service Enterprise Group Reports Increased Q1 Profit
- Profit Growth: Public Service Enterprise Group reported a first-quarter profit of $741 million, translating to earnings per share of $1.48, which marks a significant increase from last year's $589 million and $1.18 per share, indicating strong market performance.
- Adjusted Earnings: Excluding special items, the adjusted earnings stood at $778 million or $1.55 per share, reflecting the robustness of the company's core operations and an enhancement in profitability.
- Revenue Increase: The company experienced a 19.4% year-over-year revenue growth, reaching $3.848 billion compared to $3.222 billion last year, showcasing success in business expansion and market demand.
- Future Guidance: The company provided full-year EPS guidance in the range of $4.28 to $4.40, demonstrating management's confidence in future performance and likely continuing to foster positive investor sentiment.
See More
