Analysis: Public Service Enterprise Group Incorporated

US:PEG

Why is Public Service Enterprise Group Incorporated stock rising?

  • Raised long-term non-GAAP operating earnings growth outlook to 6%-8% through 2030
  • Hope Creek nuclear plant shifted to a 24-month refueling cycle, expected to increase output and reduce O&M
  • Salem nuclear uprate expected to come online during the 2027 or 2029 refueling outages
  • GSMP III gas modernization program expected to invest $1.4 billion over three years

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