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NYSE:PCG
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 (previously PCG-N on Stockchase) on the New York Stock Exchange (PCG). It is usually referred to as NYSE:PCG or PCG
In the last year, no analyst issued a Buy, Sell, or Hold rating on PCG (previously PCG-N on Stockchase) on Stockchase. Read the latest expert commentary for PG&E Corp.
PG&E Corp was recommended as a Top Pick by John Stephenson on 2004-06-10. 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 PG&E Corp.
PG&E Corp is covered by Stockchase experts and is worth watching.
On 2026-06-18, PG&E Corp (PCG) stock closed at a price of $16.48.
A great CEO and a name he's recommended before. They don't pay a dividend, but they could start paying one if they get a rate increase approved. This has rebounded hard from its lows in a beaten-up utilities sector.