Public Service Enterprise Group Inc
PEG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$55.00 | Jrhdbng | Ycyhbbpc |
PSEG Exits New Jersey Offshore Wind Project; Another Blow to the Industry
We are reaffirming our $65 fair value estimate for Public Service Enterprise Group, or PSEG, after the company announced it reached an agreement to sell its 25% stake in the Ocean Wind project to majority project owner Orsted. We are maintaining our narrow moat and stable moat trend ratings for PSEG.