Public Service Enterprise (1PEG) AI Stock Analysis

Company Guidance

PSEG reaffirmed full‑year 2026 non‑GAAP operating earnings guidance of $4.28–$4.40 per share and its 5‑year non‑GAAP operating earnings CAGR outlook of 6%–8% through 2030, supported by a total 5‑year capital investment program of $24–$28 billion (PSE&G 5‑year regulated CapEx $22.5–$25.5 billion) and an expected 2026 regulated CapEx plan of ≈$4.2 billion (Q2 CapEx ≈$1 billion); the company reported Q2 net income of $0.67/share and non‑GAAP operating earnings of $0.86/share (1H: net income $2.15/share; non‑GAAP $2.41/share), noted PSEG Nuclear supplied 7.8 TWh in the quarter with a 92% capacity factor and cleared ~3,600 MW at $325/MW‑day in PJM, highlighted customer and regulatory benefits including a ~$166 million 12‑month ZEC refund, >$1 billion in annual Clean Energy Future customer savings for ~525,000 customers, a PJM transmission cost allocation prospective benefit of ~$65 million annually (≈$33 million benefit June–Dec 2026), PSE&G’s storm restoration of ~380,000 customers aided by >330 crews and >10 million proactive customer communications, maintained $3.4 billion liquidity (≈$200 million cash), issued $500 million of 4.8% senior notes due 2031, and reiterated it can fund the plan without issuing equity while planning a PSE&G base rate filing by year‑end 2026.