PG&E reported second quarter earnings that exceeded market expectations and reaffirmed its full year guidance, drawing fresh attention to the utility. The stock has gained 7.47% over the past 90 days and delivered a one-year total shareholder return of 28.12%, trading at $17.85 per share. A widely followed valuation narrative pegs fair value around $22.59 per share, suggesting the stock is 21% undervalued, while a discounted cash flow model from Simply Wall St values the shares at $9.53, indicating overvaluation. Wildfire liabilities and the need for liability reform remain central investor concerns, alongside the company's capital plan and new data center opportunities.
PG&E CorpPG&E reported Q2 earnings that beat expectations and reaffirmed full-year guidance, a positive financial event.