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Posted by
Two Blokes Apr 23 -
Filed in
Stock
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I give a buy rating to Public Service Enterprise Group due to its strong positioning to capitalize on rising power demand from AI and electrification. PEG's regulated utility business in New Jersey drives substantial earnings, with minimal tariff exposure and strong demand from data centers enhancing growth prospects. PEG's $26 billion capex plan focuses on system modernization and grid resilience, supporting a 6%-7.5% rate base CAGR and sustainable EPS and DPS growth.
