PG&E Corporation (PCG) has been gaining significant attention in the utility sector due to its strong performance and expansive projects. Financial analyst,
Jim Cramer, endorses PCG despite rate increase concerns. The company has its
third-quarter earnings release scheduled and has seen a recent increase in its shareholding with
Ameriprise Financial Inc selling its shares and companies like
Scientech Research LLC and
Sei Investments Co increasing their stakes. PCG has announced an
innovation summit themed on clean transportation and environmental resilience, reflecting its focus on alternative energies. Its major progress includes earning
$34.5M in Department of Energy grants for hydroelectric projects and aligning itself with technological giants like
Apple for providing customers easy access to electricity usage data. Despite uncertainties, analysts advocate for PG&E due to a
26% compounded annual growth rate over the past three years and promising
quarterly results forecasts. Additionally, PG&E has an array of community engagement projects such as battling food insecurity with local food banks and providing scholarships to students. Despite missing revenue estimates by 13%, the company reinstated common stock dividends and announced the completion of a
$1 billion junior subordinated notes sale.
Pg e Corporation PCG News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Sat, 28 Sep 2024 11:00:22 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 6
