PG&E Corporation (PCG) has unveiled a $73 billion capital spending plan after delivering a steady Q3. Following this, Wolfe Research raised the PG&E price target, keeping its 'Outperform' rating. The PG&E Foundation awarded $500K to nonprofits for stewardship projects in California. Moreover, Wells Fargo initiated coverage of PG&E with an 'Overweight' recommendation. However, some analysts believe that PG&E's shaky earnings might be signaling larger issues for shareholders. Despite this, BMO Capital, Jefferies, and Morgan Stanley have all raised their price targets on the company. BMO Capital cited a discounted valuation and potential catalysts for its increase. PG&E has reportedly called upon innovators to help solve California’s energy challenge and has made a bold move to power AI data centers and upgrade its grid by 2030. The company also had to deal with some setbacks, including a $609M one-off loss. Nevertheless, it continues with its long term plans as it decreases residential electric rates and completes a $1.25 billion mortgage bond sale. Interaction with its community is also notable as PG&E Foundation awards scholarships to students and announces wildfire safety grants.
Pg e Corporation PCG News Analytics from Thu, 27 Mar 2025 07:00:00 GMT to Fri, 31 Oct 2025 12:05:44 GMT -
Rating 2
- Innovation -1
- Information 6
- Rumor -2
