PSEG (PEG) Rides on Investments Despite Weak Financial Position
PEGPSEG(PEG) ZACKS·2024-06-29 01:01

Public Service Enterprise Group, Inc. (PEG) or PSEG’s focus on renewable generation expansion is likely to enhance its performance. Moreover, to enhance customer reliability, the company makes consistent investments in its infrastructure, thereby strengthening its transmission and distribution system's resilience. However, this Zacks Rank #3 (Hold) company faces risks like unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which act as a headwind. Tailwinds ...