Market ExpectationsThe stock is currently pricing in a successful data center contract and a constructive rate case outcome, indicating a potential wait for a better entry point.
Regulatory ChallengesThe FERC's rejection of the TLN interconnection agreement with AWS has put shares of PEG and PJM IPPs under pressure, raising investor concerns.
Stock ValuationShares of PEG trade at a 15% premium compared to peers, which has led to a Market Perform rating.