PG&E Corporation (PCG) has been in the news for several significant developments. Fueling growth, the company has launched $2.4 billion in concurrent stock offerings, seeing its share price increase subsequently. The firm also announced their Q4 2024 dividend schedules, revealing detailed payments for the common and preferred stock. Additionally, the contract of PG&E's CEO was extended, adding stability to its management. However, the move wasn't without controversy, as the CEO sold $1.15 million in stock soon after. The company has also garnered attention for bolstering its infrastructure and focusing on renewable energy, though it also experienced a notable stock price drop of 5.5% on December 2. Further boosting its credibility, the company reported strong growth for Q3 and consistently surpassed earnings estimates. However, the company has also faced controversy after customers faced scams amounting to losses of over $330,00. The company strengthened efforts to address such issues and has proactively launched countermeasures, like free winter gas safety checks.
Pg e Corporation PCG News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Fri, 06 Dec 2024 14:00:13 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor 4
