What Makes Public Service Enterprise Group (PEG) a Good Buy Amid the Nuclear Renaissance

Public Service Enterprise Group Incorporated (NYSE:PEG) is included among the 13 Best Nuclear Power Stocks to Buy According to Analysts.

Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services. The company is involved in nuclear energy through its subsidiary PSEG Power, which owns and operates merchant nuclear generating assets and provides fuel and energy management services. Public Service Enterprise Group Incorporated (NYSE:PEG)’s nuclear fleet generated approximately 7.5 terawatt hours (TWh) in Q2 2025, up by 0.5 TWh over the same period in 2024 and reached 15.9 TWh for the first half of this year. Known for its strong commitment to shareholders, Public Service Enterprise Group Incorporated (NYSE:PEG) raised its dividend by 5% to an annualized $2.52 per share earlier this year, marking the company’s 14th consecutive annual increase. PEG has paid dividends to its shareholders for 118 consecutive years and boasts an annual dividend yield of 3.08% as of the writing of this piece. Public Service Enterprise Group Incorporated (NYSE:PEG) updated its five-year capital spending program from $21 billion to $24 billion, which supports an expected rate base CAGR of 6% – 7.5% through 2029. This, in turn, drives the company’s non-GAAP operating earnings CAGR to 5% – 7% at the nuclear production tax credit (PTC) threshold. Notably, PSEG intends to execute this capital program without having to issue new equity or sell assets. While we acknowledge the potential of PEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Stocks Under $10 That Could Triple and 10 Best Affordable Stocks Under $50 to Buy. Disclosure: None.