PG&E Corporation (PCG) has revealed a comprehensive
$73B plan to support
AI data centers and modernize its power grid by 2030, targeting a growing demand from the data center industry. The company’s
Q3 earnings call is scheduled for October 23. It also announced dates for its quarterly stock dividends. While
Goldman Sachs maintains its buy rating and raises the target price to $22,
Jefferies lowers the target price to $20 yet retains its buy rating. Various measures such as the completion of
1,000 miles of powerlines now protect thousands of PG&E customers from wildfires. Amid these updates, the company reaffirmed its growth and financial projections with attractive future plans, which include a
$500 million term loan credit agreement, funding for
54 scholarships to local students, and a
$2 billion mortgage bond sale. However, some market analysts regard the corporation with caution due to several challenges, including regulatory risks and the potential impact on its share price.
Pg e Corporation PCG News Analytics from Sat, 25 Jan 2025 08:00:00 GMT to Sat, 04 Oct 2025 20:54:44 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -3
