Investment in Nuclear Power: Morgan Stanley predicts $2.2 trillion investment in new nuclear power by 2050, a 40% increase from last year's projections, driven by government support and tech sector demand.
U.S. Nuclear Capacity Growth: The U.S. is expected to add 150 gigawatts of nuclear power, more than doubling its current capacity, although it falls short of Trump's goal of 300 gigawatts.
Corporate Interest in Nuclear Energy: Major companies like Alphabet, Amazon, Meta, and Microsoft are investing in nuclear power, highlighting its strategic importance for clean energy.
Small Modular Reactors Development: The U.S. has 17 small modular reactors in development, anticipated to be operational by the 2030s, with GE Vernova leading efforts to build these reactors.
PEG
$79.93+Infinity%1D
Analyst Views on PEG
Wall Street analysts forecast PEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEG is 92.30 USD with a low forecast of 83.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast PEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEG is 92.30 USD with a low forecast of 83.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 80.600
Low
83.00
Averages
92.30
High
107.00
Current: 80.600
Low
83.00
Averages
92.30
High
107.00
Morgan Stanley
David Arcaro
Overweight
downgrade
$107 -> $89
2025-12-16
New
Reason
Morgan Stanley
David Arcaro
Price Target
$107 -> $89
2025-12-16
New
downgrade
Overweight
Reason
Morgan Stanley analyst David Arcaro lowered the firm's price target on PSEG to $89 from $107 and keeps an Overweight rating on the shares. Utility performance will be heavily driven by data centers and growth upside in 2026, the analyst tells investors in a year-ahead note.
JPMorgan
Overweight -> NULL
downgrade
$96 -> $88
2025-12-12
New
Reason
JPMorgan
Price Target
$96 -> $88
2025-12-12
New
downgrade
Overweight -> NULL
Reason
JPMorgan lowered the firm's price target on PSEG to $88 from $96 and keeps an Overweight rating on the shares. The firm updated models in the North Americans utilities group.
Jefferies
Hold
to
Buy
upgrade
$89 -> $90
2025-11-06
Reason
Jefferies
Price Target
$89 -> $90
2025-11-06
upgrade
Hold
to
Buy
Reason
Jefferies upgraded PSEG to Buy from Hold with a price target of $90, up from $89. The firm cites valuation for the upgrade, saying PSEG is the worst-performing non-California utility stock in 2025. Investor concerns of rate freezes and regulatory headwinds ignore probable storage investment alignment, the analyst tells investors in a research note. Jefferies the company as "politically adept" and believes it has the tools to deliver customer savings.
TD Cowen
Shelby Tucker
Buy
maintain
$93 -> $96
2025-11-05
Reason
TD Cowen
Shelby Tucker
Price Target
$93 -> $96
2025-11-05
maintain
Buy
Reason
TD Cowen analyst Shelby Tucker raised the firm's price target on PSEG to $96 from $93 and keeps a Buy rating on the shares. The firm said results were in line with expectations, and the company is well positioned despite near-term uncertainty.
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. The Company 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 wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). The Company’s segments include PSE&G and PSEG Power. PSE&G 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.
