PG&E Corporation is set to continue its scheduled investor update and engaged in talks to sell minority shares as California regulators reject the bid. Q1 2025 EPS estimates for the firm were lowered by Zacks Research and an executive has sold over $700k in company stock. PG&E also presented an Innovation Summit by DISTRIBUTECH, highlighting energy efficiency strategies. As the corporation prepares for high temperatures and potential outages, their Q2 financial results reveal growth as well as increased guidance for 2024. The corporation also announced the upsize and pricing of $1.9 billion Convertible Senior Secured Notes due 2027 to prepay a portion of the existing term loan. Aside from financial activities, PG&E has launched environmental stewardship projects and took historic steps towards decarbonization, including a new production pilot for renewable natural gas. Despite challenges, analysts remain somewhat bullish on PG&E due to their solid earnings performance, with overall stock returns proving strong. However, despite impressive growth, PG&E was criticized for their handling of California fire risk. With a recent reinstate of common stock dividends and a promising quarterly earnings report, the future of PG&E seems hopeful albeit risky.
Pg e Corporation PCG News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sat, 17 Aug 2024 10:41:46 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -2
