Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Jefferies lowered its price target on Public Service Enterprise Group Inc. (NYSE:PEG) to $89.00 from $90.00 on Monday, while maintaining a Hold rating on the stock. The utility company, currently valued at $42.3 billion, trades at a P/E ratio of 21.3x and maintains a "GOOD" financial health score according to InvestingPro analysis.
The firm cited the company’s 18% underperformance, noting that New Jersey regulatory uncertainty is likely to persist into at least early 2026.
Jefferies indicated that while a New Jersey nuclear deal remains possible, the outlook remains unclear due to "bring your own generation" policies and an intense focus on affordability in the state.
The firm moderated its earnings per share estimate downward by 1%, explaining that utility return on equity conservatism more than offset power mark-to-market adjustments.
Jefferies also noted that updates on regulated generation expected in 2026 could be positive, though the timing of these developments remains unclear.
In other recent news, Public Service Enterprise Group Inc (PSEG) reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.77, exceeding the forecasted $0.71, resulting in an EPS surprise of 8.45%. Revenue also outperformed predictions, reaching $2.8 billion compared to the expected $2.48 billion, marking a 12.9% surprise. These results highlight significant positive developments for PSEG. Despite the strong financial performance, PSEG’s stock experienced a pre-market decline of 0.6%, which may be reflective of broader market trends or investor sentiment. These recent developments offer insight into PSEG’s financial health and market position.
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