PG&E plunges over 25% on fears the utility could face $18 billion in damages [CNBC]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: CNBC
PG&E plunges on fears the embattled utility could face $18 billion in damages A charred vehicle was left in the middle of Honey Run Road as the Camp Fire continues with zero containment in Paradise, Calif., on Friday, Nov. 9, 2018. News Group/The Mercury News via Getty Images | News Group | Getty Images Shares of embattled utility PG&E The California supplier of gas and electricity fell to $10.05 — about 30% — on the week's first day of trading before paring one-day losses to about 27%. The plunge represented its worst day on since PG&E first announced plans to file for bankruptcy in January. U.S. Bankruptcy Judge Dennis Montali on Friday said that a court trial can decide if PG&E is responsible for the 2017 Tubbs fire, which killed 22 people and destroyed more than 5,600 buildings. PG&E is also facing responsibility for that blaze. VIDEO 9:46 09:46 The $5 trillion global insurance industry's natural disaster problem Weather & Natural Disasters "Regardless of the next legal steps, C
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PCG
News
- PG&E Co. (NYSE: PCG) had its price target raised by analysts at Barclays PLC from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- PG&E First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Economic And Business Impacts Of FTC's Noncompete Ban [Forbes]Forbes
- PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping [BNN Bloomberg (Canada)]BNN Bloomberg
- Warren Buffett 'got it wrong' on California fire risk, PG&E CEO says [Seeking Alpha]Seeking Alpha
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/4/24 - Form ARS
- PCG's page on the SEC website