Reported 2 days ago
Public Service Enterprise Group Incorporated (PEG), with a market cap of $40.8 billion, is a major player in the energy sector, focusing on electricity and natural gas distribution along with clean energy initiatives. Despite reporting strong Q2 earnings and a commitment to sustainability, PEG's stock has declined 14.2% from its 52-week high and lags behind the Utilities Select Sector SPDR Fund's returns both in the last 52 weeks and year-to-date. While analysts maintain a 'Moderate Buy' rating with a price target suggesting a potential upside, recent trends indicate the stock is struggling to regain momentum.
Source: YAHOO