Moody’s has elevated the credit ratings of PG&E (PCG, Financial) and its Pacific Gas & Electric unit, citing diminished financial risks from wildfires. This upgrade highlights PG&E's progress in mitigating wildfire threats and enhancing its financial standing. Contributing factors include California's AB 1054 wildfire legislation, which provides access to the state's insurance fund and introduces protective liability measures. PG&E's ability to secure annual wildfire safety certificates and the resulting $4.1 billion liability cap have further solidified its financial resilience according to Moody's.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for PG&E Corp (PCG, Financial) is $20.42 with a high estimate of $23.00 and a low estimate of $15.00. The average target implies an upside of 19.59% from the current price of $17.08. More detailed estimate data can be found on the PG&E Corp (PCG) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, PG&E Corp's (PCG, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PG&E Corp (PCG, Financial) in one year is $18.71, suggesting a upside of 9.58% from the current price of $17.075. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PG&E Corp (PCG) Summary page.
