PG&E Shares Jump After Emerging From Bankruptcy [Yahoo! Finance News]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Yahoo! Finance News
PG&E Corporation PCGpre-holidayPG&E’s interim CEO Bill Smith acknowledged the milestone was a step in the right direction but insisted the firm had more work to do. “Our emergence from Chapter 11 marks just the beginning of PG&E’s next era — as a fundamentally improved company and the safe, reliable utility that our customers, communities, and California deserve,” Smith said,per Because the restructure plan gained approval from the U.S. bankruptcy court by June 30, the utility now has access to a $21 billion insurance fund set up by California to cover damage caused by future catastrophic wildfires. Through Thursday’s close, PG&E trades down 13% on the year, underperforming the regulated electric utilities industry average by around 3%.Analyst ViewAnticipating a successful move out of bankruptcy, UBS analyst Daniel Ford upgraded the stock to ‘Buy’ from ‘Neutral’ in May and lifted his 12-month price target from $14 to $15 – indicating almost 60% upside from Thursday’s $9.45 close.The a
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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