This summary was created by AI, based on 7 opinions in the last 12 months.
PG&E Corp, a holding company specializing in electricity and natural gas services, is currently experiencing significant market turbulence following the Los Angeles fires, which has led to a substantial drop in its stock price. Despite being wrongly blamed for the fires, investor sentiment has been impacted, causing a 22.45% decrease just last month, making the stock appear undervalued at present. Many experts view this as a potential buying opportunity, highlighting the company's fundamental strengths such as a growing presence in data centers and electric vehicles in California. With earnings growth projected at 10% and the possibility of a dividend increase, the company might be presenting a positive long-term outlook under its new CEO, despite the bumpy recovery trajectory. Social media engagement has surged dramatically, indicating renewed interest in the stock and its turnaround story.
A turnaround story to watch. This utility used to be the worst operator--inconsistent numbers, starting wildfires and declared bankruptcy in 2019, but emerged from that in 2022. Now have a new CEO who is turning around the company. Reported a decent quarter in late-February, reiterated their full-year forecast, saw 10% earnings growth in 2022 and showed equal that this year. PCG is more consistent now. Are guiding 10% quarterly earnings growth in 2024 and 9% in 2025 and 2026. Will not issue any new stock through 2024. Won in court in California that will allow them keep running a nuclear power plant. Meanwhile, all the recent rain has been a boom to their hydroelectric dam. However, given a lawsuit a fire victims' trust has been selling huge blocks of shares. Good news is that this trust is no longer the top shareholder. This recent pullback is a buy.
Their equipment was linked to the wildfires in California last year. It has always been at a discount to the group and it was due to poor safety and reliability figures. This is not their first time being in hot water. He does not want to be involved with these companies. He prefers SRE-N for California utilities.
PG&E Corp is a American stock, trading under the symbol PCG-N on the New York Stock Exchange (PCG). It is usually referred to as NYSE:PCG or PCG-N
In the last year, 15 stock analysts published opinions about PCG-N. 5 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for PG&E Corp.
PG&E Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for PG&E Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
15 stock analysts on Stockchase covered PG&E Corp In the last year. It is a trending stock that is worth watching.
On 2025-04-02, PG&E Corp (PCG-N) stock closed at a price of $17.43.
Is a utility that's blamed for the LA fires (wrongly), and shares are punished. He's sticking with it.