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Stock impact report

Public Service Enterprise Group: Solid Utility With A Difficult Transition Ahead [Seeking Alpha]

Public Service Enterprise Group Incorporated (PEG) 
Last public service enterprise group incorporated earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.pseg.com
Company Research Source: Seeking Alpha
After almost three years of steady growth, Public Service Enterprise Group (PEG(PEG's rise before the March fall | Source: )From just under $40 in November 2016, the stock rose to $63 last October - that’s an increase of over 50%! Not too shabby for a boring old utility, and it has been a nice performer in my portfolio.PEG entered 2020 in the high $50s and then lost almost a third of its value in March. With it currently recovering, I thought it would be a decent time to take a fresh look at the New Jersey energy provider.What makes it such a strong utility, and what challenges will COVID-19 and climate change provide?AboutPublic Service Enterprise Group is actually the holding company for three main entities:The company’s CEO is Ralph Izzo, and it has roughly 13,000 employees.Recent Earningslast earnings releaseAt the time, management expected similar net income for 2020 but with a higher EPS number ($3.30-3.50). Of course, that was before the coronavirus outbreak truly unfolded in t Show less Read more
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