PSEG (PEG) Rides on Investments Despite Weak Financial Position

However, this Zacks Rank #3 (Hold) company faces risks like unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which act as a headwind. PSEG has a capital investment plan of $18-$21 billion for 2024-2028 to constantly upgrade its infrastructure and expand its renewable generation portfolio. Its solid capital investment plan is estimated to bring in a compounded annual rate base growth of 6-7.5% between 2024 and 2028. Headwinds Public Service Enterprise Group ...