Trump set to scrap Biden-era power-plant pollution curbs, Bloomberg says
Written by Emily J. Thompson, Senior Investment Analyst
Trump's Climate Policy Changes: President Trump is expected to propose the elimination of Biden-era climate mandates that require U.S. power plants to reduce greenhouse gas emissions, with an announcement anticipated on Wednesday.
EPA's Regulatory Rollback: The Environmental Protection Agency (EPA) plans to reverse restrictions on mercury and other toxic air pollutants from power plants, impacting various publicly traded companies in the coal and energy utility sectors.
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
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 79.410
Low
83.00
Averages
92.30
High
107.00
Current: 79.410
Low
83.00
Averages
92.30
High
107.00
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. 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.
