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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And in October, Moody's published updated credit opinions on PSEG and PSE&G with no change to either credit ratings or outlook.”
Moody's reaffirmed PSEG and PSE&G credit ratings and outlook with no changes, a neutral read-through on the rating agency's stable view of the utility.
“there was an announcement by CoreWeave for a large investment they're making in Kenilworth, New Jersey for some real estate that they're purchasing.”
CoreWeave's real estate purchase in Kenilworth, New Jersey for a large data center investment is cited as evidence of PSEG's growing large-load pipeline; management confirmed the relationship runs through the utility (PSE&G), not PSEG Power, and is already reflected in current load projections.
“We’ve seen Microsoft, Amazon, some of the other hyperscalers sort of pull off of some of the contracts, just seeing if you’re seeing any softness there?”
An analyst asks PSEG management whether hyperscalers like Amazon have been pulling back from power-purchase commitments, implying a possible moderation in data-center capacity build-out plans.
“We’ve seen Microsoft, Amazon, some of the other hyperscalers sort of pull off of some of the contracts, just seeing if you’re seeing any softness there?”
An analyst asks PSEG management whether hyperscalers like Microsoft have been pulling back from power-purchase commitments, implying a possible moderation in data-center capacity build-out plans.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Nick Campanella | Barclays | 11 (0%) |
| Mike Sullivan | Wolfe Research | 10 (10%) |
| Julien Dumoulin-Smith | Jefferies | 9 (0%) |
| Carly Davenport | Goldman Sachs | 8 (0%) |
| Dave Arcaro | Morgan Stanley | 8 (0%) |
| Will Appicelli | UBS | 7 (0%) |
| Jeremy Tonet | JPMorgan | 7 (0%) |
| Shar Pourreza | Wells Fargo | 6 (0%) |
| Tony Crowdell | Mizuho Securities | 6 (0%) |
| Nick Amicucci | Evercore ISI | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 2 | 13 (0%) |
| Barclays | 1 | 11 (0%) |
| Wolfe Research | 1 | 10 (10%) |
| Wells Fargo | 2 |
| 9 (0%) |
| Goldman Sachs | 1 | 8 (0%) |
| Morgan Stanley | 1 | 8 (0%) |
| Evercore ISI | 2 | 7 (0%) |
| JPMorgan | 1 | 7 (0%) |
PSEG delivered its 21st consecutive year of meeting earnings guidance, with full-year non-GAAP operating earnings of $4.05 per share. FY2026 guidance was initiated at $4.28-$4.40, representing 7% growth. The long-term growth CAGR was raised to 6-8% from 5-7% through 2030. The regulated capital plan was expanded to $24-28 billion. Customer electric bills were set to decline 1.8%. New Jersey generation legislation was advancing.
Regulation Policy | Cloud & AI | Capex Investment | Revenue Growth | Demand | Cost Pressure | Competitive Dynamics | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 9 | 5 | 1 | 3 | 2 | 1 | 2 | |
| 2025Q1 | 11 | 6 | 3 | 2 | 3 | 4 | 2 | 1 |
| 2025Q2 | 12 | 6 | 3 | 2 | 3 | 1 | 2 | 1 |
| 2025Q3 | 8 | 5 | 6 | 4 | 3 | 3 | 2 | 2 |
| 2025Q4 | 7 | 1 | 5 | 6 | 2 | 1 | ||
| 2026Q1 | 11 | 2 | 6 | 2 | 3 | 4 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Regulation Policy | 9 | 11 | 12 | 8 | 7 | 11 |
| Cloud & AI | 5 | 6 | 6 | 5 | 1 | 2 |
| Capex Investment | 1 | 3 | 3 | 6 | 5 | 6 |
| Revenue Growth | 3 | 2 | 2 | 4 | 6 | 2 |
| Demand | 2 | 3 | 3 | 3 | 3 | |
| Cost Pressure | 1 | 4 | 1 | 3 | 2 | |
| Competitive Dynamics | 2 | 2 | 2 | 4 | ||
| Capital Allocation | 2 | 1 | 1 | 2 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PEG Public Service Enterprise Group | 9 | +19.4% | |
| AEE Ameren | 7 | +3.8% | |
| AEP American Electric Power | 5 | +6.8% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +23.1% | |
| DTE DTE Energy | 7 | +15.8% | |
| DUK Duke Energy | 8 | +11.3% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| FE FirstEnergy | 7 | +11.6% | |
| LNT Alliant Energy | 5 | +5.0% | |
| NEE NextEra Energy | 6 | +7.3% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PNW Pinnacle West | 8 | +11.4% | |
| PPL PPL Corporation | 7 | +10.8% | |
| SO Southern Company | 6 | +8.0% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |