PG&E Corporation(PCG) has seen a notable increase in its position by Janus Henderson Group PLC. Wall Street appears to lean bullish on the company's stock as the corporation reports solid results for the second quarter and continues on track for a favorable outcome in 2024. Several reasons are highlighted for adding PCG to portfolios, such as a projected upside, beating quarterly profit views, and anticipation of electricity demand growth. Yet, analysts warn that such potential comes with inherent risks. PCG has reinstated its common stock dividend and sets dates for quarterly dividends. The company also announces upsizing and pricing of $1.9 Billion Convertible Senior Secured Notes due in 2027. Year-end guidance for 2023 is high, with increases expected for 2024. Despite missing revenue by 13%, forecasters remain positive about upcoming adjustments. PCG has announced a $900,000 grant for environmental stewardship and climate resilience projects. Furthermore, PG&E customers are set to receive 100% greenhouse gas-free electricity in 2023. Lastly, the Corporation has identified more than 20 climate-tech solutions, contributing towards a cleaner energy future.
Pg e Corporation PCG News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 19:25:40 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 3
