From Financial Modeling Prep: 2024-09-30 12:29:00

Erste Group analysts initiated coverage on Public Service Enterprise Group (NYSE:PEG) with a Buy rating, citing strong growth prospects. They anticipate a 14% increase in operating profit and an 11% rise in net profit in the next financial year. The company is benefiting from growing demand for electricity from data centers in the U.S.

The analysts highlighted Public Service Enterprise Group’s medium-term earnings forecasts, projecting 7% annual growth in earnings per share. They believe that potential growth opportunities from nuclear power plant capacity expansion could further boost the stock’s performance. The company has been receiving inquiries from potential clients across its service area.



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