PG&E Corporation (NYSE:PCG) Receives New Price Target from BMO Capital

Core Viewpoint - BMO Capital has set a new price target of $25 for PG&E Corporation, indicating a potential upside of approximately 56.54% from its current trading price of $15.97 [1][6] Company Overview - PG&E is a major utility company in California, focusing on grid upgrades and green energy initiatives, and competes in the Zacks Utility Electric Power industry [1] - The company has a market capitalization of around $35 billion and is considered a lower-risk investment after addressing wildfire-related challenges [4] Financial Projections - PG&E projects earnings per share (EPS) of $1.50 for 2025, with revenues expected to reach $26.2 billion, indicating strong year-over-year growth [2][6] - The stock is currently priced at $15.97, with a recent change of $0.11, or 0.69%, and has fluctuated between $15.88 and $16.12 during the trading day [5] Investment Strategy - PG&E plans to invest $63 billion from 2024 to 2028 to improve infrastructure safety, reliability, and resilience, enhancing its position in the utility sector [2][6] - The company achieved 580 megawatts of battery storage in 2024, advancing its renewable and zero-carbon energy goals, positioning it as a strong investment opportunity [3] Risk Mitigation - PG&E benefits from California's $18 billion wildfire fund, which reduces its liability share, and is working on undergrounding power lines to mitigate future wildfire risks [4]