-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month target by $4 to $86, valuing shares at 19.6x our next-12-month EPS estimate of $4.41 - a slight premium to its three-year average of 19.4x and largely in line with peers. We trim our 2026 EPS view by $0.05 to $4.37 and 2027 by $0.03 to $4.70. Our Hold opinion reflects our view that valuation fairly reflects the company's improved growth trajectory and nuclear positioning in capacity-constrained PJM, leaving little upside potential at current levels. PSEG Nuclear's 3,758 MW fleet delivered 8.0 TWh in Q1 2026 at a 95.5% capacity factor, with management forecasting 30-32 TWh for full-year 2026. Large-load service inquiries remained at ~11 GW as of Q1 2026, leveling off after significant growth through 2025. Management expects 10-15% conversion rates based on historical precedent. We expect EPS and dividends to grow at CAGRs (2025 to 2028) of 7.5% and 5.4%, respectively, slightly below Multi-Utility peer medians of 7.6% and 6.0%, respectively. Shares yield 3.4% versus the 3.2% peer median.