Here is Why PG&E (PCG) Crashed This Week
From Yahoo Finance: 2025-06-11 23:45:00
PG&E Corporation (NYSE:PCG) saw its share price drop by 10.58% between June 3 and June 10, 2025, placing it among the Energy Stocks that Lost the Most This Week. The company provides natural gas and electric service to around 16 million people in northern and central California over a large service area.
Trading at a 2-year low, PG&E (PCG) faces regulatory pressures and fallout from past wildfire incidents. Analysts at Wolfe Research lowered their price target for PCG from $22 to $19 while maintaining an Outperform rating. The company missed Q1 earnings estimates due to higher expenses but remains confident in meeting FY 2025 targets.
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