PSEG Stock Rides on Investments Despite Weak Financial Position
PSEG(PEG) ZACKS·2024-08-28 22:25
Public Service Enterprise Group, Inc. (PEG) or PSEG's focus on renewable generation expansion is likely to bolster its footprint in the clean energy market. To enhance customer reliability, the company makes consistent investments in its infrastructure, strengthening its transmission and distribution system's resilience. However, this Zacks Rank #3 (Hold) company faces risks like an unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which acts as a headwind. ...