Pacific Gas & Electric Co. ($PCG) Stock Forecast: Up 5.0% Today

What is Pacific Gas & Electric Co.?

PG&E Corporation (PCG) is a California-based utility company providing electricity and natural gas to millions of customers in Northern and Central California. The company has faced significant challenges in recent years, including bankruptcy and criticism over safety issues related to wildfires and power outages.

Why is Pacific Gas & Electric Co. going up?

PCG stock is up 5.0% on Feb 4, 2026 18:41

• Governor Newsom's skepticism about California taking over PG&E despite recent criticisms suggests a potential relief for the company, leading to increased investor confidence and a bullish movement in the stock.
• PG&E's initiative to offer scholarships showcases its commitment to community support and development, which could improve its public image and attract positive attention from investors.
• The planned power outage in San Luis Obispo County highlights the company's ongoing efforts to maintain and upgrade its infrastructure, potentially signaling a proactive approach to prevent future incidents and ensure reliable service.
• The disruption at the DTECH conference and protests against PG&E's partnership with Palantir may have caused some short-term volatility in the stock price, but Governor Newsom's stance on the company's future direction likely overshadowed these concerns, contributing to the bullish market movement.

PCG Price Chart

PCG Technical Analysis

PCG News

Governor ‘Not Convinced’ California Wants to Take Over PG&E

California Governor Gavin Newsom expressed skepticism about the state taking over PG&E Corp., despite recent criticisms regarding blackouts in San Francisco. Newsom highlighted that PG&E is a much different company since its bankruptcy, with executive pay now tied to safety metrics, and the state already has mechanisms to intervene if it fails to meet safety standards. While some local officials renewed calls for a takeover after holiday outages, Newsom indicated the state likely lacks the appetite for such a move, though he previously considered it during the company's 2019 bankruptcy restructuring.

https://www.insurancejournal.com/news/west/2026/02/04/856891.htm

PG&E offers scholarships for area students

PG&E is offering over $300,000 in scholarships for high school, college, and continuing education students residing in its Northern and Central California service area. These scholarships, funded by PG&E's employee resource groups and engineering network groups, aim to support educational ambitions and leadership development. The application deadline for these awards, ranging from $1,000 to $6,000, is February 28.

https://gilroydispatch.com/pge-offers-scholarships-for-area-students/

More than 1,300 without power in SLO County. When will electricity be back on?

Over 1,300 PG&E customers in the Nipomo area of San Luis Obispo County experienced a planned power outage on Wednesday morning for maintenance work. The electricity was turned off around 7:54 a.m. and was expected to be restored by 10:15 a.m. This is a developing story, with updates available on sanluisobispo.com.

https://www.sanluisobispo.com/news/local/article314573851.html

Assessing Itron (ITRI) Valuation After New AI Grid Edge Deals And Wildfire Mitigation Push

Itron (ITRI) has recently secured new AI-focused grid edge deals, including wildfire mitigation efforts and expanded deployments, following a mixed share price performance. Despite a 7.03% year-to-date return, the stock has seen a 3.75% decline over the past year. Simply Wall St's analysis suggests Itron is undervalued by 28%, with a fair value of $140.40 against its current trading price of $101.11, driven by anticipated growth in IoT and software offerings for utilities.

https://simplywall.st/stocks/us/tech/nasdaq-itri/itron/news/assessing-itron-itri-valuation-after-new-ai-grid-edge-deals

Protesters chase PG&E executive from stage at Calif. tech conference

Protesters disrupted the DTECH energy industry conference in San Diego, forcing a PG&E executive and other speakers off stage. The protest, led by the Alliance of Californians for Community Empowerment Action, targeted PG&E's contract with Palantir due to Palantir's work with U.S. Immigration and Customs Enforcement. PG&E defended its partnership with Palantir, stating the technology is critical for wildfire prevention and grid management.

https://www.sfgate.com/tech/article/protesters-pge-conference-21332209.php

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Pacific Gas & Electric Co. Price History

13.00.2025 - PCG Stock was down 5.4%

• The bearish movement in PCG could be attributed to the lack of likelihood for a rate cut in the near future, which may have negatively impacted interest-sensitive stocks like utilities.
• The bullish coverage initiation on PCG by a top analyst might not have been enough to offset the broader market concerns and the specific challenges the company is facing.
• The overall negative sentiment in the market overshadowed any positive news or analyst coverage, leading to a significant downward movement in PCG's stock price.

13.00.2025 - PCG Stock was down 5.7%

• The bearish movement in PCG's stock could be attributed to the negative sentiment surrounding the company's ongoing financial struggles and legal issues related to wildfires.
• The initiation of coverage on a bullish note by an analyst for PG&E's competitor might have diverted investor attention away from PCG, leading to a decline in its stock price.
• The overall market perception of PG&E's future prospects might have been further dampened by the analyst ratings changes, causing a significant sell-off in the stock.

02.11.2024 - PCG Stock was down 0.9%

• PCG's stock decline could be linked to general market sentiment, influenced by mixed U.S. stock and Dow futures.
• The notable drop in Stellantis N.V. shares may have impacted investor confidence, resulting in selling pressure on PCG and other stocks.
• Factors such as uncertain regulatory situations, ongoing legal disputes, and financial concerns surrounding PG&E might have contributed to the bearish movement in the stock.
• Investors may be responding to potential risks and issues facing PG&E, prompting a sell-off of the stock during the current trading session.

15.06.2025 - PCG Stock was down 3.1%

• The bearish movement in PCG's stock is linked to a consistent downward trend in its price over recent months and years.
• Concerns about the company's financial performance, evidenced by the scrutiny of the price-to-earnings ratio, might have contributed to the stock's decline.
• Given PCG's turbulent past with legal and financial issues, investors may be wary of its future prospects, resulting in selling pressure on the stock.
• Ongoing regulatory hurdles and uncertainties in the utility sector could further fuel the negative sentiment surrounding PCG.

13.10.2024 - PCG Stock was up 0.1%

• PCG stock exceeded Q3 earnings estimates by a significant margin.
• Earnings and revenue surprises of 15.63% and 10.93% respectively likely boosted investor confidence in the stock.
• The positive earnings report may indicate strong financial performance and operational efficiency, leading to increased investor optimism and driving the bullish movement in PCG's stock price.
• Investors may now be looking forward to the company's future performance and potential growth prospects, as hinted at by the question of whether these numbers hold clues to what lies ahead for the stock.

04.01.2026 - PCG Stock was up 5.2%

• The bullish movement in PCG's stock today could be attributed to the positive news surrounding the company, including its expansion efforts and community initiatives.
• The acquisition of a new office building in Pleasanton at a significant discount and the graduation of high school seniors from the financial education program showcase PG&E's commitment to growth and community development.
• Despite the protest at the DTECH energy industry conference, PG&E's defense of its partnership with Palantir for wildfire prevention and grid management highlights the company's dedication to utilizing technology for the greater good.
• The overall positive sentiment surrounding PG&E's recent activities and community engagement initiatives may have contributed to the bullish movement in the stock today.

04.01.2026 - PCG Stock was up 5.0%

• Governor Newsom's skepticism about California taking over PG&E despite recent criticisms suggests a potential relief for the company, leading to increased investor confidence and a bullish movement in the stock.
• PG&E's initiative to offer scholarships showcases its commitment to community support and development, which could improve its public image and attract positive attention from investors.
• The planned power outage in San Luis Obispo County highlights the company's ongoing efforts to maintain and upgrade its infrastructure, potentially signaling a proactive approach to prevent future incidents and ensure reliable service.
• The disruption at the DTECH conference and protests against PG&E's partnership with Palantir may have caused some short-term volatility in the stock price, but Governor Newsom's stance on the company's future direction likely overshadowed these concerns, contributing to the bullish market movement.

25.06.2025 - PCG Stock was up 2.8%

• PCG stock showed significant positive momentum in the market recently.
• Anticipation around the upcoming Q2 earnings is generally optimistic, driven by forecasts of revenue expansion influenced by favorable weather conditions and rate case resolutions.
• While there were worries about possible earnings falling short of expectations, investors appear upbeat regarding the company's overall outlook.
• The market activity could be linked to the favorable expectations surrounding PCG's revenue projections and potential earnings growth.

31.06.2025 - PCG Stock was down 1.7%

• PCG had a strong bearish movement today as its Q2 earnings and revenues missed estimates by -6.06% and -6.65% respectively, indicating potential financial struggles.
• The company was expected to benefit from favorable weather and rate case outcomes in Q2, but it seems that these factors did not translate into the expected revenue growth, leading to investor disappointment.
• The poor financial performance in Q2 may raise concerns about PCG's ability to navigate its regulatory challenges and financial obligations, contributing to the bearish market movement today.

21.07.2025 - PCG Stock was down 5.1%

• The stock of PCG has experienced a downward trend of 18.76% over the past year, which may have influenced the bearish movement observed today.
• The slight spike in the stock during the current session could point towards short-term volatility or profit-taking by investors.
• PG&E's ongoing legal and financial woes, particularly those linked to wildfires, might be impacting investor sentiment and contributing to the stock's bearish performance.

30.03.2025 - PCG Stock was down 5.2%

• PCG stock price decreased by 1.18% in the current market session, following a trend of falling prices over the past year.
• The Q1 earnings and revenues of PG&E (PCG) missed estimates by -5.71% and 2.06%, respectively, indicating potential financial challenges for the company.
• The disappointing financial performance could have contributed to the bearish movement in PCG stock as investors react to the missed estimates and uncertainties about the company's future prospects.

01.07.2025 - PCG Stock was up 2.2%

• Despite posting Q2 earnings that missed estimates and a decline in revenues year over year, PG&E's stock had a strong bullish movement.
• Investors may be focusing on other factors such as future growth prospects, cost-cutting measures, or potential regulatory developments rather than just the current financial performance.
• The market movement could also be influenced by positive sentiment surrounding the company's efforts to improve safety measures and address past issues, which might be overshadowing the recent financial results.
• It's possible that some investors are betting on a turnaround story for PG&E, leading to the bullish movement despite the disappointing earnings and revenue figures.