Latest news with #PG&ECorporation
Yahoo
3 days ago
- Business
- Yahoo
Here is Why PG&E (PCG) Crashed This Week
The share price of PG&E Corporation (NYSE:PCG) fell by 10.58% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations. PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. PG&E Corporation (NYSE:PCG) is currently trading at a 2-year low as the company continues to navigate through regulatory pressures and the aftermath of its role in past wildfire incidents. PCG suffered a setback recently after analysts at Wolfe Research reduced their price target for the stock from $22 to $19, while maintaining an Outperform rating. It is worth mentioning that PG&E Corporation (NYSE:PCG) fell below its Q1 earnings estimates, as it was hurt by higher operating and interest expenses. However, the company remains confident in meeting its FY 2025 targets, reaffirming its 2025 non-GAAP core earnings guidance at $1.48 to $1.52 per share. While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Here is Why PG&E (PCG) Crashed This Week
The share price of PG&E Corporation (NYSE:PCG) fell by 10.58% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations. PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. PG&E Corporation (NYSE:PCG) is currently trading at a 2-year low as the company continues to navigate through regulatory pressures and the aftermath of its role in past wildfire incidents. PCG suffered a setback recently after analysts at Wolfe Research reduced their price target for the stock from $22 to $19, while maintaining an Outperform rating. It is worth mentioning that PG&E Corporation (NYSE:PCG) fell below its Q1 earnings estimates, as it was hurt by higher operating and interest expenses. However, the company remains confident in meeting its FY 2025 targets, reaffirming its 2025 non-GAAP core earnings guidance at $1.48 to $1.52 per share. While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
PG&E Partners with Smart Wires to Boost Grid Capacity for San Jose Data Centers
On May 28, PG&E Corporation (NYSE:PCG) and Smart Wires announced a collaboration on a project in San Jose, California. The partnership has two primary goals: to enhance grid reliability and increase capacity for data centers in the area. Most importantly, the project will deploy advanced power flow control technology at PG&E's Los Esteros electric substation to boost capacity by more than 100 megawatts (MW). An overhead view of electricity transmission towers, showing the scale and reach of the company's network. On its part, Smart Wires, a grid-enhancing technology and services provider, will supply its SmartValve devices. The devices will help mitigate thermal overloads, redirect power flow, and increase available capacity at the substation. Completion is expected by late 2025. According to Joanna Lohkamp, CEO of Smart Wires, this project is a proactive initiative to address the need for a reliable and efficient power grid. 'As the demand for data centers skyrockets, ensuring a reliable and efficient grid is more important than ever,' said Lohkamp. The California Independent System Operator (CAISO) projects a load increase of up to 500 MW in the San Jose area due to data center growth. While a new transmission line is planned for 2032, this technology provides a near-term solution to ensure reliable power delivery starting in 2025. SmartValve is a quick and affordable solution for growing electricity demand, helping utilities manage capacity and load efficiently. It can be easily installed, adjusted, or moved to meet changing energy needs and support new power sources. Its modular design allows for future expansion or reconfiguration as grids evolve. Even after the new transmission line launches in 2032, SmartValve will continue to balance power flows and improve network efficiency. PG&E Corporation (NYSE:PCG) is an energy holding company. It provides electricity and natural gas services, primarily serving millions of customers in northern and central California. The company generates power from a mix of sources and manages its delivery through extensive transmission and distribution networks. While we acknowledge the potential of PG&E Corporation (NYSE:PCG) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PCG and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
PG&E Partners with Smart Wires to Boost Grid Capacity for San Jose Data Centers
On May 28, PG&E Corporation (NYSE:PCG) and Smart Wires announced a collaboration on a project in San Jose, California. The partnership has two primary goals: to enhance grid reliability and increase capacity for data centers in the area. Most importantly, the project will deploy advanced power flow control technology at PG&E's Los Esteros electric substation to boost capacity by more than 100 megawatts (MW). An overhead view of electricity transmission towers, showing the scale and reach of the company's network. On its part, Smart Wires, a grid-enhancing technology and services provider, will supply its SmartValve devices. The devices will help mitigate thermal overloads, redirect power flow, and increase available capacity at the substation. Completion is expected by late 2025. According to Joanna Lohkamp, CEO of Smart Wires, this project is a proactive initiative to address the need for a reliable and efficient power grid. 'As the demand for data centers skyrockets, ensuring a reliable and efficient grid is more important than ever,' said Lohkamp. The California Independent System Operator (CAISO) projects a load increase of up to 500 MW in the San Jose area due to data center growth. While a new transmission line is planned for 2032, this technology provides a near-term solution to ensure reliable power delivery starting in 2025. SmartValve is a quick and affordable solution for growing electricity demand, helping utilities manage capacity and load efficiently. It can be easily installed, adjusted, or moved to meet changing energy needs and support new power sources. Its modular design allows for future expansion or reconfiguration as grids evolve. Even after the new transmission line launches in 2032, SmartValve will continue to balance power flows and improve network efficiency. PG&E Corporation (NYSE:PCG) is an energy holding company. It provides electricity and natural gas services, primarily serving millions of customers in northern and central California. The company generates power from a mix of sources and manages its delivery through extensive transmission and distribution networks. While we acknowledge the potential of PG&E Corporation (NYSE:PCG) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PCG and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Utility and Customer Engagement Leader John O. Larsen Joins PG&E Boards of Directors
OAKLAND, Calif., May 23, 2025 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) today announced the election of John O. Larsen to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, at the companies' Annual Meetings of Shareholders on May 22, 2025. Mr. Larsen brings decades of experience in utility operations and large-scale customer engagement from his 36-year career at Alliant Energy Corporation based in Madison, Wisconsin. Alliant provides electricity and natural gas service to nearly 1.5 million customers in Iowa and Wisconsin. "With deep utility and customer leadership experience, John will be invaluable in helping PG&E continue to improve its operational and safety performance to better serve our customers," said Kerry W. Cooper, Chair of the Board of PG&E Corporation. At Alliant Energy Corporation, Mr. Larsen held key leadership positions across the regulated utility's business sectors including engineering, power generation and strategic planning. As CEO, he spearheaded Alliant's Clean Energy Blueprint that guided the company's investment in a sustainable and diversified electric portfolio as well as more adaptable and resilient infrastructure. Mr. Larsen joined Alliant Energy in 1988 as an electrical engineer. "I'm excited about the progress PG&E has made in recent years and look forward to supporting CEO Patti Poppe and her leadership team in continuing to build the future of energy in California," said Mr. Larsen. Mr. Larsen will serve on the boards' Safety and Nuclear Oversight, and People and Compensation committees. Mr. Larsen currently serves on the Board of Directors for TruStage Financial Group, Inc. He has served on the Board of Alliant Energy Corporation and on industry boards including the American Transmission Company Management, Inc., Edison Electric Institute and Electric Power Research Institute. Mr. Larsen holds a Bachelor of Science in Electrical Engineering from the University of North Dakota. About PG&E CorporationPG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit In this press release, they are together referred to as "PG&E." View original content to download multimedia: SOURCE PG&E Corporation
