PCG Stock Recent News

As of early March 2025, investors—and consumers—have once again begun to feel skittish about the possibility of an impending recession. At least two major factors have contributed most recently to this sentiment: first, a dreaded inverted yield curve in the final days of February, and second, the Atlanta Fed's model to predict GDP growth for the first quarter of the year was revised down to -2.8% on March 3, when it had been +4.0% about a month before.

The average of price targets set by Wall Street analysts indicates a potential upside of 32% in PG&E (PCG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

PG&E Customers Lost Nearly $650,000 to Scammers During 2024 OAKLAND, Calif. , March 3, 2025 /PRNewswire/ -- During 2024, Pacific Gas and Electric Company (PG&E) customers lost nearly $650,000 to utility scammers.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

OAKLAND, Calif. , Feb. 21, 2025 /PRNewswire/ -- On February 20, 2025, PG&E Corporation (NYSE: PCG) declared its first quarter 2025 regular cash dividend of $0.025 per share on the Corporation's common stock.

PG&E Corporation is transitioning from a low-growth utility to a high-growth company, driven by rising power demand and a 5.5GW data center pipeline. The fully funded $63 billion capex plan through 2028 supports a 10% CAGR in rate base and >9% earnings growth. Despite strong earnings growth prospects, PCG stock trades at a ~42% discount to peers, offering a potential 70% upside if valuation aligns with peers.

The heavy selling pressure might have exhausted for PG&E (PCG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

New Energy Demand from Data Centers to Help Lower Costs for Electric Customers 'Rule 30' Tariff Proposal Establishes a Streamlined, Equitable Process for Connecting Large Demand Customers like Data Centers and Tech Campuses OAKLAND, Calif. , Feb. 13, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is working to serve approximately 5.5 gigawatts (GW) of new data center energy demand over the next decade, with 1.4 GW currently in final design and projected to come online between 2026 and 2030.

PG&E Corporation (NYSE:PCG ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Jonathan Arnold - VP, IR Patty Poppe - CEO Carolyn Burke - EVP & CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Securities Nicholas Campanella - Barclays Richard Sunderland - JPMorgan Securities LLC Julien Dumoulin-Smith - Jefferies Anthony Crowdell - Mizuho Carly Davenport - Goldman Sachs Gregg Orrill - UBS Operator Ladies and gentlemen, thank you for standing by and welcome to the PG&E Corporation Fourth Quarter 2024 Earnings Release. All lines have been placed on mute to prevent any background noise.

PCG's fourth-quarter earnings are in line with the Zacks Consensus Estimate. However, the bottom line decreases 34% from the year-ago level.