PSEG earnings growth guidance

What happened: Public Service Enterprise Group (PSEG) reported strong Q1 2026 results driven by utility infrastructure investments and nuclear operational excellence, achieving a 95.5% capacity factor despite harsh winter conditions. PSEG Power's performance was boosted by higher wholesale power prices. BMO Capital raised its price target for PSEG to $91, and Argus reported that management is guiding for 7% earnings growth at the midpoint.

Market impact: The earnings growth guidance and strong Q1 performance have positioned PSEG as one of the top utility stocks to buy now, driving interest in the sector. The company's regulated and diversified business model, along with its nuclear operational excellence, has attracted investors seeking stable earnings growth and dividend income.

What to watch next: Investors should closely monitor PSEG's Q2 earnings release, scheduled for July 28, 2026, to assess the sustainability of its earnings growth trajectory. Additionally, regulatory decisions regarding PSEG's rate cases and infrastructure investment plans will impact the company's future earnings potential and stock performance.