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Stock impact report

Is PG&E Corporation (PCG) Fairly Valued After 20% Gain on SB254 Development? [Yahoo! Finance]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Company Research Source: Yahoo! Finance
Is PG&E Corporation (PCG) Fairly Valued After 20% Gain on SB254 Development? eliza-diamond-Iw2oRD2NP2w-unsplash According to the research firm, they are moving to the sidelines, concerned about reduced confidence in the prospects for constructive wildfire liability reform for utilities. The research firm analyst Julian Dumoulin-Smith believes utilities and insurers are not aligned with stakeholder conversations. The lack of sufficient political support to push for structural change also prompted the downgrade. The remarks follow the stock's impressive 20% gain at the back of California initiative SB254, the Natural Catastrophe Resiliency Study, which seeks to create long-term reforms in insurance availability, wildfire mitigation, and catastrophe refinancing. According to Jefferies, the stock's impressive run might have priced in the prospects of positive regulatory reform. The stock also rallied on expectations of a supportive outcome from the SB254 Phase II initiative. PG Show less Read more
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