US agrees to $15 bln loan to PG&E, WSJ reports
The United States will offer a record $15 billion low-interest loan to California-based utility PG&E to support climate resilience projects and upgrade the electrical grid, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
PG&E Is A Buy On Its Improving Profitability, Dividend Growth Potential
PG&E's transformative net-zero carbon plan and aggressive infrastructure expansion make it an attractive investment despite underperformance compared to the S&P 500. The company's strong CAPEX plan, focusing on renewable energy and wildfire mitigation, supports long-term growth and operational efficiency. Funding through equity and debt issuance poses dilution and debt risks, but robust cash flow projections and dividend growth mitigate concerns.
PG&E's New Convertible Preferred Offers Dual Benefit
PG&E has a new series of 6% preferred stock that converts into common after three years. The conversion terms offer a potential 25% upside. There are more risks than with a conventional preferred.
PG&E (PCG) Upgraded to Buy: Here's Why
PG&E (PCG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Why PG&E (PCG) is a Top Value Stock for the Long-Term
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PG&E shares fall after launching $2.4 bln equity capital raise
Shares of PG&E Corp fell about 7% on Monday after the power and natural gas company announced that it planned to raise $2.4 billion from investors via a stock offering.
Stellantis, PG&E And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Monday.
Here's Why PG&E (PCG) is a Strong Growth Stock
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PG&E: The Earnings Outlook Still Looks Good, Shares Undervalued
PG&E remains a bargain with a trailing 12-month operating P/E of 14.6, a 23% discount to the sector, and a favorable PEG ratio. Despite wildfire risks and past bankruptcies, PG&E's valuation is compelling, with positive EPS trends and solid revenue growth projections. Technical analysis shows PG&E in an uptrend, targeting $22-$23, supported by a rising 200-day moving average and a bullish breakout.
PG&E Corporation (PCG) Q3 2024 Earnings Call Transcript
PG&E Corporation (PCG) Q3 2024 Earnings Call Transcript
PG&E Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
PCG's third-quarter total revenues of $5.94 billion rise 0.9% from the year-ago level. Operating revenues, however, lag the Zacks Consensus Estimate by 10.9%.
PG&E (PCG) Tops Q3 Earnings Estimates
PG&E (PCG) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.24 per share a year ago.
