Public Service Enterprise Group Inc
PEG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $39.00 | Crwzcww | Qpzfvhlgn |
PSEG's Offshore Wind Exit Frees Up Capital To Invest in Other Growth Projects
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Business Strategy and Outlook
Public Service Enterprise Group has completed its transition to a predominantly regulated transmission and distribution utility, much like its peers. Its exit from the wholesale power generation business in early 2022 after more than two decades reduces risk, improves its environmental profile, and should attract more income-oriented investors.