PG&E Corporation (PCG) headlines indicate a mixed bag of news for the company. The corporation has seen a range of developments, having robust earnings growth outlook and is set to deliver solid results in 2024. A director from PG&E Corp has also purchased $100k in stocks, indicating confidence in the company. In spite of shedding a significant US$957m in the past week, PCG shareholders are still enjoying a 36% increase over the last three years. PG&E raises the 2025 core earnings forecast due to higher electricity rates. Notably, Jim Cramer has endorsed PG&E as a 'dirt cheap' buy. The company has made key moves like pricing concurrent offerings of common stock and mandatory convertible preferred stock, launching new data centres in Northern and Central California, and announcing strong financial results. Nevertheless, there are marked concerns about high fire risks and liability exposure, and the company has also launched a $2.4 billion equity capital raise.
Pg e Corporation PCG News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Fri, 21 Feb 2025 23:57:27 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
