Public Service Enterprise Group Inc

PEG trades at or near its 52-week low after a decisive support failure under Stage 3 distribution, reinforcing a bearish medium-term bias. Price continues to make lower highs and lower lows and was recently rejected at the 9/20 EMA cluster, indicating unfavorable short-term conditions for buyers. Under the Stable strategy, controlled engagement on rallies into the mid-73 EMA area offers the best execution of selling pressure.

• ↑Reaffirmed FY26 non-GAAP EPS guidance at $4.28–4.40.
• ↑Q2 net income held at $0.67/sh despite certificate program absence.
• ↓Net income down 43% YoY to $0.67/sh highlights margin erosion.