PG&E Corporation (PCG) continues to deliver on its promises for 2024, showing a strong performance in the market, notably in green and renewable energy development. The company recently celebrated the opening of California's largest landfill gas to renewable natural gas plant, achieved in partnership with Ameresco and Republic Services. This coupled with their continued assistance to communities through wildfire safety grants and their work in recovering from Hurricane Helene has painted a positive picture for the company. Valuation of the stock is promising, with a recorded 26% compounded annual growth rate over the last three years. Jim Cramer, a notable market commenter, endorsed PCG stock as a good one with or without a future rate increase. In addition, the company's affordability was endorsed by hedge funds, classifying PCG as one of the cheap utility stocks to buy. Importantly, the reopening of quarterly dividends signals increased stability. The financial outlook stays positive with Q2 earnings topping estimates, and revenues increasing year over year. Despite some risks and controversies, the general consensus among the analysts remains bullish on PG&E Corporation's stock.
Pg e Corporation PCG News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Thu, 03 Oct 2024 21:44:00 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor 2
