PSEG stock: HSBC starts coverage of PSEG stock at USD 72.50

Published on 10/22/2026 at 22:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PSEG keeps USD 4.28-4.40 earnings guidance for 2026. PSEG stock costs EUR 64.06 on October 22, 2026 after EUR 63.38 at Tradegate on October 20.

HSBC starts PSEG coverage

HSBC initiated coverage with a Hold rating and a USD 72.50 target on October 22, 2026.
PSEG reported USD 0.67 GAAP earnings per share and USD 0.86 adjusted operating earnings per share for the second quarter of 2026.
PSEG stock costs EUR 64.06 at Lang & Schwarz on October 22, 2026 at 10:38 p.m. CEST.
PSEG is scheduled to report third-quarter 2026 results on November 2, 2026.

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HSBC initiated coverage of PSEG with a Hold rating and a USD 72.50 price target on October 22, 2026, according to Markets Insider. At Lang & Schwarz, PSEG stock was trading at EUR 64.06 on October 22, 2026 at 10:38 p.m. CEST.

Guidance stays intact

PSEG reaffirmed full-year 2026 adjusted operating earnings guidance of USD 4.28 to USD 4.40 per share during its second-quarter earnings call on August 4, 2026. Fortune reported that first-half 2026 adjusted operating earnings reached USD 2.41 per share, compared with USD 2.15 of net income per share.

Second-quarter figures set the baseline

For the second quarter of 2026, PSEG reported revenue of USD 2.55 billion, net income of USD 334.00 million and diluted GAAP earnings per share of USD 0.67. Adjusted operating earnings per share were USD 0.86, compared with USD 0.77 in the second quarter of 2025, while revenue declined 8.90 percent year over year, according to MarketBeat.

What does the target imply?

The USD 72.50 HSBC target sits 0.30 percent below PSEG's USD 72.72 last price on the NYSE at 4:00 p.m. ET on October 22, 2026. PSEG's market capitalization was USD 36.2 billion, its price-to-earnings ratio was 18.09 and its dividend yield was 4.00 percent on that date. The 52-week range was USD 66.15 to USD 87.63, placing the last price 9.93 percent above the low and 17.01 percent below the high.

Next report date is set

PSEG is scheduled to report third-quarter 2026 results on November 2, 2026, according to its investor news calendar. The date gives the HSBC target a near-term earnings checkpoint, while the second-quarter revenue decline and the USD 4.28 to USD 4.40 guidance range define the figures investors will compare.

Stock stays in its yearly range

The current euro quotation sits between the dated Tradegate price of EUR 63.38 on October 20, 2026 and the USD range reported for the NYSE listing. The different currencies prevent a direct percentage comparison, but the primary-market figures place PSEG below its 52-week high and above its 52-week low.

At Lang & Schwarz, PSEG stock was trading at EUR 64.06 on October 22, 2026 at 10:38 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of PSEG stock.