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PEG

PSEG

$59.37

0.645 (1.10%)

14:23
04/18/19
04/18
14:23
04/18/19
14:23

PSEG 'pleased' with New Jersey BPU vote to award ZECs to three plants

The New Jersey Board of Public Utilities, or BPU, voted to award Zero Emission Certificates, or ZECs, to PSEG's three New Jersey nuclear power plants, Hope Creek and Salem 1 and 2, the company announced earlier. Regarding the BPU decision, PSEG stated: "We are pleased with the decision to award ZECs to PSEG to help support New Jersey's primary supply of zero-carbon electricity. The BPU just saved the people of the State hundreds of millions of dollars in what would have been higher energy costs, thousands of jobs lost and tons of environmentally damaging air emissions. Our next step is to review the BPU's order to better understand today's decision in greater detail. We appreciate the BPU's detailed review and consideration of PSEG Nuclear's ZEC applications."

  • 02

    May

PEG PSEG
$59.37

0.645 (1.10%)

02/28/19
DBAB
02/28/19
DOWNGRADE
DBAB
Hold
PSEG downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Jonathan Arnold downgraded PSEG to Hold.
02/28/19
WELS
02/28/19
NO CHANGE
Target $66
WELS
Outperform
PSEG price target raised to $66 from $60 at Wells Fargo
Wells Fargo analyst Neil Kalton raised his price target for PSEG to $66 from $60 due to the impact of higher regulated earnings along with meaningfully higher peer group multiples since his last valuation refresh. The analyst reiterates an Outperform rating on the shares.
02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/19
MZHO
03/13/19
NO CHANGE
Target $61.5
MZHO
Buy
PSEG price target raised to $61.50 from $54 at Mizuho
Mizuho analyst Paul Fremont raised his price target for PSEG to $61.50 from $54 and updating his estimates through 2021 and keeps a Buy rating on the shares.

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