Are you referring to PEG stock price or actual profit? Because their profits growth hasn’t really “greatly exceeded” inflation. Here is the last 30 years of pro

Are you referring to PEG stock price or actual profit? Because their profits growth hasn’t really “greatly exceeded” inflation. Here is the last 30 years of profits[1] (you can change it to YoY to see how much their growth over the last 5 years is). They in fact posted a loss in 2021 and under performed 2022. They shot up in 2023 and then down to pre-pandemic levels in 2024. They are not what I’d call a profitable company. I think their stock is reflecting the AI bubble as plenty of people are speculating on power companies [1] https://www.roic.ai/quote/PEG/financials https://www.roic.ai/quote/PEG/financials