Public Service (PEG) Rides on Investments, Rising Customer Base

Public Service Enterprise Group Inc.’s (PEG) (also known as PSEG) infrastructure investments, expanding customer base and focus on clean energy are expected to boost its earnings.However, this Zacks Rank #3 (Hold) stock may suffer from supply chain disruptions and a weak solvency position.TailwindsPSEG’s capital investment plan primarily focuses on infrastructure. For the 2023-2027 period, PSEG expects to invest $15.5-$18 billion, more than 90% of which will be directed to PSE&G, the company’s principal rep ...