Down -20.91% in 4 Weeks, Here's Why PG&E (PCG) Looks Ripe for a Turnaround

Group 1 - PG&E (PCG) has experienced significant selling pressure, resulting in a 20.9% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by an RSI reading of 29.88, suggesting a potential trend reversal is imminent [5][6] - Analysts have raised earnings estimates for PCG by 0.2% over the last 30 days, which typically correlates with price appreciation [6] Group 2 - PCG holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating strong potential for a turnaround [7]