PEG Surges to 383rd in Trading Volume with 41.21% Spike Despite 2.19% Share Price Drop and Earnings Beat

On August 5, 2025, Public Service Enterprise Group (PEG) recorded a trading volume of $320 million, a 41.21% increase from the previous day, placing it 383rd in market activity. The stock closed down 2.19% despite reporting second-quarter non-GAAP operating earnings of $0.77 per share, exceeding expectations. PSEG’s consolidated net income reached $1.17 per share, driven by $332 million in PSE&G net income and $253 million in PSEG Power & Other segments.

The earnings release highlighted a 9% year-over-year increase in non-GAAP operating earnings, supported by new distribution rates from a 2024 settlement and higher nuclear output. PSEG Power’s nuclear units generated 7.5 terawatt-hours in Q2 2025, a 0.5 TWh increase from the prior year, attributed to the absence of a spring refueling outage at Hope Creek. The company reaffirmed its 2025 guidance of $3.94–$4.06 per share, citing full-year benefits from distribution rate recoveries and upcoming nuclear maintenance projects.

PSE&G’s infrastructure investments, including a $3.8 billion regulated capital program, were emphasized as critical to maintaining reliability amid rising demand. Large load inquiries for new service connections reached 9,400 megawatts by June 30, up from 6,400 MW in March, with data centers accounting for most of the growth. PSEG also outlined plans to extend Hope Creek’s fuel cycle to 24 months during a fall refueling outage, enhancing grid reliability until 2027.

Financially, PSEG’s liquidity stood at $3.6 billion as of June 30, with $22.6 billion in long-term debt. The company’s 2025 capital spending plan of $21–24 billion aims to drive a 6–7.5% rate base compound annual growth rate through 2029, aligning with its 5–7% non-GAAP earnings CAGR target. Regulatory and market dynamics, including PJM capacity auction results and New Jersey’s resource adequacy challenges, remain key risks to execution.

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