From Nasdaq: 2024-06-10 09:59:00

PG&E Corporation (PCG) is set to benefit from investments in infrastructure, clean energy projects, and building California’s EV charging infrastructure. With a Zacks Rank #2 (Buy), the company is expected to see 9.8% and 8.4% growth in earnings per share for 2024 and 2025, along with a rise in sales.

PG&E Corp. plans to invest $10.4 billion in 2024 to strengthen its gas-related projects and electric system safety. The company’s ROE of 11.3% outperforms the industry average, showing efficiency in fund utilization. With a times interest earned ratio of 1.42, PG&E Corp. exhibits financial strength in meeting obligations.

In comparison to industry peers, PG&E Corp. has seen a 6.6% share price increase over the past year. Other top-ranked stocks in the industry include CenterPoint Energy (CNP), DTE Energy Company (DTE), and Pinnacle West Capital (PNW), all showing growth potential in earnings for 2024 and long-term projections.

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Read more at Nasdaq: Reasons to Add PG&E Corp. (PCG) to Your Portfolio Right Now