Pg&e (PCG) Stock News

Barclays lowered its price target for PG&E from $18.00 to $17.00 per share.

JP Morgan lowered its price target for PG&E from $18.00 to $17.00.

PG&E CEO Patti Poppe presses California lawmakers to pass wildfire liability reform after the stock dropped 18% on Aug. 31. She says the legislation could still pass this year. If not, a strategic review may cut capex and unlock value. Analysts see a binary $3-to-$35 range.

UBS downgraded PG&E to neutral from buy over growing wildfire liability inaction risk. Price target cut to $14 from $19. 2028 EPS estimate lowered to $1.90. California Governor Newsom has not addressed wildfire reform as a special session item.

General Motors and Pacific Gas & Electric are offering a promotional bundle in California that includes a GM Energy home charger (value up to $1,999) and a $15 monthly bill credit, with potential additional savings up to $50/month by shifting charging to off-peak hours.

PG&E and GM Energy announced a Smart Charge Bundle. Further details were not immediately available.

PG&E and GM Energy announced the Smart Charge Bundle, offering a home charger at no additional cost, a $15 monthly bill credit, and potential managed-charging savings for new Chevrolet, GMC, or Cadillac EV buyers in Northern and Central California.

UBS cut its rating on PG&E to Neutral from Buy. No price target or further details were provided.

UBS lowered PG&E (PCG) to Neutral from Buy, setting a $14 price target. The downgrade was issued today.

Piper Sandler upgraded AKAM, TEM, CAPR; Morgan Stanley upgraded HOOD; BofA downgraded PCG and EIX. Other changes include upgrades for TKO, DUOL, TDW, PK, NCDL, HTGC, TKR, COLB, SRE and downgrades for MYGN, MIAX, XHR. Price targets adjusted.

California lawmakers rejected Governor Newsom's proposal to prevent insurers from recovering wildfire losses from utilities. PG&E and Edison International shares declined on the news. The broader structural reforms now appear off the table as the legislative session ends Aug. 31.