PG&E Corporation (PCG) has announced its Q2 earnings call is scheduled for July 31. The corporations stock had a difficult week with a significant drop and reached a new all-time low.
PG&E has made moves to offer relief to customers with past-due bills, committing $50 million to a bill relief program. This program matches customer payments up to $1000. However, customers need to be vigilant of scams posing as fake utility bills, which caused customers to lose an average of $900. Despite mixed feedback from Wall Street analysts,
PG&E is said to be among the best utility stocks to buy over the long-term as well as stocks insiders are piling into. The corporation has seen increased demand from data center growth enhancing grid reliability and capacity.
PG&E is making efforts for improvement with new environmental stewardship grants and a significant increase in its trading volume. Downward trends led to the stocks price dropping to a six-month low. However, sturdy projects seem promising such as a partnership with Tesla on a game-changing virtual power plant, the likely introduction of 9 new microgrids and boosted earnings forecasts thanks to higher electricity rates and a positive outlook from popular finance TV personality, Jim Cramer.
Pg e Corporation PCG News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Fri, 04 Jul 2025 09:48:30 GMT -
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