Investors in
PG&E have scored a strong return of 107% over the past three years. The corporation plans to host its 2024
Investor Update Meeting and an Innovation Summit. Massive shares were traded with QRG Capital Management Inc. purchasing 33,132 shares while Simplicity Wealth LLC and Atria Investments Inc sold 3,495 and 15,797 shares respectively. Regardless of the share trading, the company reported solid Q1 and Q2 results indicating positive momentum for 2024. Despite potential upside and a moderate buy recommendation from analysts, the company's position not without risks. The company has decided to prepay a portion of existing term loan through Upsize and Pricing of
$1.9 Billion Convertible Senior Secured Notes due 2027. It has also planned for electricity demands growth as it makes preparations considering the upcoming high temperatures and potential heat-related outages. Despite missing revenue by 13%, analysts suggest that the company's
earnings have increased. Nonetheless, unapproved minority sale bid and lagging industry margins pose challenges. Significant contributions were made towards environmental stewardship with $900,000 in grants provided for related projects.
Pg e Corporation PCG News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 11 Aug 2024 05:18:39 GMT -
Rating 8
- Innovation 6
- Information -2
- Rumor 2
