Public Service Enterprise Group Inc. (NYSE:PEG) is included among the 12 Best Nuclear Energy Stocks to Buy Now
On January 21, 2026, Morgan Stanley raised its price target on Public Service Enterprise Group Inc. (NYSE:PEG) to $92 from $89 and kept an Overweight rating. The change came as the firm refreshed its Regulated and Diversified Utilities and IPP coverage in North America, noting that utilities lagged the S&P 500’s return in December.
A day earlier, on January 20, 2026, Wells Fargo analyst Shahriar Pourreza upgraded PSEG to Overweight from Equal Weight and lifted the price target to $92 from $88. The firm acknowledged that 2026 could bring negative headlines tied to New Jersey-related developments, but said fundamentals appear to be converging with valuation. Wells Fargo also highlighted the potential opening of regulated generation in the state as an accretive opportunity.
On January 7, 2026, Ladenburg Thalmann upgraded its rating on PSEG from Neutral to Buy and raised its price target to $87.50, adding to a string of positive analyst actions around the stock.
On December 30, 2025, PSEG announced that the New York State comptroller granted final approval for the extension of its operations services agreement with the Long Island Power Authority. The extension began on January 1, 2026, and runs through December 31, 2030. PSEG Long Island has operated the electric grid on behalf of LIPA since 2014.
Public Service Enterprise Group Inc. (NYSE:PEG) is a utility holding company with operations spanning electricity and natural gas transmission, distribution, and generation. Through its subsidiaries, the company serves customers primarily in New Jersey and Long Island and maintains exposure to merchant nuclear assets.
While we acknowledge the potential of PEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Nuclear Energy Stocks to Buy Now and 12 Best HVAC Stocks to Buy Now
Disclosure: None.
