Public Service Enterprise Group Inc

PEG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$43.00	Kqmmvb	Vtprsthsh

PSEG Exits New Jersey Offshore Wind Project; Another Blow to the Industry

Travis Miller

Jan 18, 2023

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.

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