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SRE News11 articles
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.
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 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 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.
SDG&E Outage in South Orange County May Slightly Impact Reliability Metrics
A power outage affecting 22,525 SDG&E customers in South Orange County could nudge the utility's system-wide outage duration metric by up to 3.38 minutes, but is unlikely to affect Sempra's earnings.
Venture Global Shares Retreat as Geopolitical Ease Tempers LNG Optimism
Venture Global shares declined as hopes for a Middle East ceasefire softened energy prices. The company's significant exposure to spot LNG markets amplifies its stock's volatility amid shifting supply dynamics.
U.S. Natural Gas Holds Near $3.10 Amid Gulf Tensions, Mild Weather
U.S. natural gas prices are balancing geopolitical risks from Gulf supply disruptions against bearish domestic factors like warm weather forecasts and rising storage inventories.
NRG Energy Shares Drop on LS Power's $2.35 Billion Secondary Offering
NRG Energy shares declined sharply after LS Power affiliates priced a large secondary stock offering at a discount. The company plans a concurrent $300 million share buyback from the sellers.