Pacific Gas & Electric Co. ($PCG) Stock Forecast: Down 2.2% Today

What is Pacific Gas & Electric Co.?

PG&E Corp (PCG) is a utility company that provides electricity and natural gas to millions of customers in California. The company has been under scrutiny in recent years due to its involvement in wildfires and financial challenges.

Why is Pacific Gas & Electric Co. going down?

PCG stock is down 2.2% on Mar 20, 2026 14:45

• Despite a bearish movement in PCG stock, it outperformed the broader market, showcasing relative strength.
• Analyst upgrades and price target increases suggest a positive outlook for PCG, potentially influencing investor sentiment.
• The news of executive pay increases at Southern California Edison, despite controversies surrounding the Eaton fire, may have indirectly impacted the utility sector, including PCG, by raising questions about accountability and governance.
• The overall market sentiment towards utilities and regulatory changes, such as the anticipated wildfire reform upgrade, could have contributed to the bearish movement in PCG stock today.

PCG Price Chart

PCG Technical Analysis

PCG News

Morgan Stanley Maintains an Equal Weight Rating on Sunrun Inc. (RUN)

Morgan Stanley analyst David Arcaro maintained an Equal Weight rating on Sunrun Inc. (RUN) but reduced the price objective from $21 to $15 following the fourth-quarter 2025 results. The company reported a net change of $290 million in cash and restricted cash and $377 million in cash generation in 2025, focusing on a storage-first approach and expanding its distributed power plant network. Sunrun anticipates generating $250 million to $450 million in cash by 2026, despite the analyst noting slower year-on-year solar origination growth.

https://www.insidermonkey.com/blog/morgan-stanley-maintains-an-equal-weight-rating-on-sunrun-inc-run-1719512/?amp=1

PG&E Corp. stock outperforms competitors despite losses on the day

PG&E Corp. (PCG) shares declined by 1.03% to $18.17 on Wednesday, marking its second consecutive day of losses. Despite this drop, the stock still outperformed the broader market, as the S&P 500 Index fell 1.36% and the Dow Jones Industrial Average dropped 1.63%.

https://www.marketwatch.com/data-news/pg-e-corp-stock-outperforms-competitors-despite-losses-on-the-day-193a92ea-75612a5b6c1e?gaa_at=eafs&gaa_n=AWEtsqc5rmnYUWxhx_N-auxQjJhGb5UUuhLQ3S026UiF9iB1q29ENIXYioMn&gaa_ts=69bb6c19&gaa_sig=MP-3qIYoIqlwyJ_ynCEW9t_b5xPCuY54eM_l3Tyek9ppt9v03CP3W8pUTfxNcDSLbgFNGBVh8bjXQU6bcduu7w%3D%3D

J.P. Morgan Maintains PG&E Corp(PCG.US) With Buy Rating, Raises Target Price to $24

J.P. Morgan analyst Aidan Kelly has reaffirmed a "Buy" rating for PG&E Corp (PCG.US), increasing the target price from $21 to $24. Kelly boasts a 66.7% success rate and a 9.0% average return over the past year, according to TipRanks data. This rating adjustment suggests a positive outlook for the utility company's stock.

https://news.futunn.com/en/post/70258443/jp-morgan-maintains-pg-e-corp-pcgus-with-buy-rating

UBS Wildfire Reform Upgrade Might Change The Case For Investing In PG&E (PCG)

UBS upgraded PG&E Corp. (PCG) from "Neutral" to "Buy" in March 2026, anticipating that Phase 2 California wildfire legislation will reduce the utility's liability exposure and clarify policy. This potential reform is expected to significantly impact PG&E's long-term risk profile and financial flexibility, influencing its investment narrative and risk-reward balance. The company's forecast includes $27.6 billion revenue and $4.0 billion earnings by 2028, with a projected 22% upside to its current price based on a $22.40 fair value.

https://simplywall.st/stocks/us/utilities/nyse-pcg/pge/news/ubs-wildfire-reform-upgrade-might-change-the-case-for-invest/amp

Edison executive pay soars despite devastating Eaton fire

Southern California Edison's top executives saw their pay significantly increase last year, despite the utility's suspected role in the deadly Eaton fire that killed 19 people. CEO Pedro Pizarro's compensation rose 20% to $16.6 million, and President Steven Powell's jumped over 65% to $6.5 million, largely due to a 200% profit increase for the company, which ties executive pay to financial performance rather than safety. Critics, including fire victims and a shareholder, are calling into question the 2019 state law that protects utilities from financial liability for wildfires and the lack of accountability in executive compensation.

https://www.latimes.com/business/story/2026-03-18/edison-executive-pay-soars-despite-devastating-eaton-fire

Trending Today

fuboTV Inc. ($FUBO) Stock Forecast: Down 5.1% Today

Centene Corporation ($CNC) Stock Forecast: Down 5.0% Today

Texas Roadhouse Inc. ($TXRH) Stock Forecast: Down 2.3% Today

NASDAQ-100 ($NDX) Index Forecast: Up 1.9% Today

Chegg Inc. ($CHGG) Stock Forecast: Down 3.2% Today

Micron Technology Inc. ($MU) Stock Forecast: Down 5.4% Today

Enphase Energy Inc. ($ENPH) Stock Forecast: Down 5.1% Today

Amylyx Pharmaceuticals ($AMLX) Stock Forecast: Up 1.6% Today

Solana ($SOL) Crypto Forecast: Up 5.5% Today

TripAdvisor Inc. ($TRIP) Stock Forecast: Up 5.0% Today

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.

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.

20.02.2026 - PCG Stock was down 2.2%

• Despite a bearish movement in PCG stock, it outperformed the broader market, showcasing relative strength.
• Analyst upgrades and price target increases suggest a positive outlook for PCG, potentially influencing investor sentiment.
• The news of executive pay increases at Southern California Edison, despite controversies surrounding the Eaton fire, may have indirectly impacted the utility sector, including PCG, by raising questions about accountability and governance.
• The overall market sentiment towards utilities and regulatory changes, such as the anticipated wildfire reform upgrade, could have contributed to the bearish movement in PCG stock today.

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.

12.01.2026 - PCG Stock was up 5.3%

• PCG experienced a strong bullish movement recently, tightening its 2026 profit forecast and raising its core earnings outlook for the full year.
• Although falling short of analysts' average estimates for the quarter ended December 31, PCG's strategic investments in transmission upgrades, specifically for data centers, have garnered positive investor sentiment.
• The company's adjustment of 2026 earnings guidance and its commitment to operational enhancements like undergrounding power lines and improving reliability have contributed to the upward trajectory of PCG in the market.
• Recent news of a Bitcoin miner filing for Chapter 11 bankruptcy due to a devastating fire and financial struggles underscores the significance of operational dependability and safety measures, areas that PCG appears to be addressing effectively, thereby further boosting investor confidence in the company's future prospects.

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.