Market ExpectationsThe stock is currently pricing in a constructive rate case outcome and much of a successful data center contract, suggesting a wait for a better entry point.
Regulatory ChallengesShares of PEG and PJM IPPs faced pressure due to the FERC's rejection of the TLN interconnection agreement with AWS, raising investor concerns.
Valuation ConcernsShares of PEG trade at a 15% premium to peers, leading to a Market Perform rating.