NYSE:PCGElectric Utilities
Is PG&E (PCG) Pricing Reflect Recent Grid And Wildfire Risks Accurately?
If you have been wondering whether PG&E at US$16.33 is priced attractively or not, the key question is how that share price lines up against the company’s underlying value.
The stock has been relatively steady over the last year with a 0.4% return year to date and a 3.3% decline over 12 months. Over the last 30 days it declined 8.1%, following a modest 0.4% gain over the past week.
Recent news around PG&E has continued to focus on its role as a major California electric utility, including...