$12.94
-0.26 (-1.97%)
PCG News21 articles
PG&E's 8.6x Earnings: A Bargain or a Trap?
PG&E's stock dropped 4.25% to $14.19, trading at 8.6x earnings. But the discount reflects ongoing wildfire financing risks. Is this a value play or a trap?
PG&E's $2B Capex Deferral: A Bid to Cut Debt That Could Cap Growth
PG&E defers $2B in 2027 capex to cut debt, trading at 7.9x forward earnings. The move lowers financial risk but slows growth, as wildfire policy remains unresolved.
PG&E Rebounds 2.4% as $2B Capex Cut Balances Debt Relief with Growth Concerns
PG&E shares gained 2.4% to $14.30 after cutting its 2027 capex by $2 billion, easing debt needs but raising growth concerns. The stock still sits 20% below late August levels.
PG&E Shares Tumble 5% on $2B Capex Cut Amid Regulatory Uncertainty
PG&E shares dropped 5.2% after the utility postponed $2 billion in 2027 capital spending, citing financing costs and regulatory uncertainty. The company reaffirmed 2026 guidance but trimmed expansion plans.
PG&E Rebounds 6% as Wildfire Reform Stalls, Valuation Remains Capped
PG&E shares jumped 6% Tuesday as investors saw opportunity after California's wildfire reform bill failed, but the stock remains down 21.7% from last week.
PG&E Rebounds 3.7% on Wildfire Bill, But Funding Gap Persists
PG&E (PCG) shares recovered 3.7% Tuesday after California lawmakers advanced wildfire funding legislation, but analysts warn the bill leaves a significant capital gap unresolved.
Tech Futures Slip as Crude Holds Near $92 on Supply Fears
Nasdaq futures slipped 0.28% as crude held near $92 on supply worries. Energy shares rose, but tech faced pressure amid inflation concerns.
PG&E Plunges 20% as California Bill Leaves Insurer Claims Intact
PG&E shares dropped 20.1% to $13.27 as California's wildfire bill failed to limit insurer claims, prompting multiple analyst downgrades and a valuation reset.
Oil Shock Hits Dow, Broad ETFs Steady
Broad ETFs held steady as an oil shock dragged the Dow down 374 points. Energy stocks rallied, but rate-sensitive sectors fell, with August closing higher overall.
Oil Surge Weighs on Wall Street as Energy Outperforms
U.S. equities slipped Monday as Brent crude climbed above $90, reigniting inflation concerns. Energy stocks outperformed, while utilities sank on wildfire liability worries.
Oil's Surge Past $90 Drags Dow Down 374 Points; Energy Stocks Shine
Brent crude's surge past $90 on U.S.-Iran tensions pressured the Dow, which fell 374 points. Energy stocks led gains, while the broader market slipped.
Oil Rally Hits Stocks as Energy Shares Buck Market Slide
U.S. stocks slipped Monday as oil surged on geopolitical tensions, lifting energy shares while most sectors declined. Tesla led gains, but utilities like Edison and PG&E plunged on wildfire legislation worries.
Oil Spike Rattles Wall Street as Energy Shares Surge
U.S. stocks dropped Monday as surging oil prices on Middle East tensions pressured markets. The S&P 500 fell 0.3%, while energy shares gained.
PG&E Tumbles 15% as California Wildfire Bill Omits Liability Shield
PG&E shares fell 15% premarket after California advanced wildfire legislation without a liability shield, pushing its P/E to 8.6x. Mizuho downgraded the stock.
PG&E Plummets 7.5% as Wildfire Liability Reform Fails
PG&E (PCG) shares dropped 7.5% after California lawmakers rejected wildfire liability reform, wiping out $3 billion in market value.
PG&E Stock Plunges 7.5% as California Wildfire Bill Stalls, $3B Erased
PG&E shares tumbled 7.5% after California lawmakers rejected a wildfire liability cap, erasing $3.1 billion in market value.
PG&E Plunges 7.5% as California Wildfire Bill Fails, $3B Erased
PG&E shares tumbled 7.5% after California lawmakers rejected a bill to limit insurer claims, erasing $3 billion in market cap.
PG&E Stock Tumbles 7.5% as California Lawmakers Reject Wildfire Liability Shield
PG&E shares plunged 7.5% after California lawmakers rejected wildfire liability protections, wiping out $3 billion in market value.
PG&E Stock Lags Market After Bay Area Quake; Earnings Beat
PG&E (PCG) shares dipped 1.67% on Thursday, lagging the S&P 500 by 2.2 points after a Bay Area earthquake, though no damage was reported. Q2 earnings beat estimates, but revenue missed, and analysts remain bullish.
PG&E Stock Drops 3% Despite Earnings Beat as Data Center Growth Remains Nascent
PG&E (NYSE:PCG) shares slid 3.1% to $17.54 despite core EPS beating estimates by 11%, as its data center pipeline surged to 12.71 GW but only 5% has reached agreements or construction.
PG&E Outages Hit 9,000 Across Three Counties Amid Fire Weather
PG&E outages affected over 9,000 customers in Monterey, Clovis, and Shasta County amid storms and fire weather, underscoring utility challenges in maintaining reliability during peak summer demand.