Wall Street Mixed on PG&E Corporation (PCG) as Growth Opportunities Emerge for 2026

Group 1 - PG&E Corporation (NYSE:PCG) is considered a cheap stock with a 'Buy' rating from 78% of analysts, indicating a median price target of $21, which suggests an upside potential of 33.16% [1] - Analysts from Morgan Stanley and JPMorgan have recently adjusted their price targets for PG&E, with Morgan Stanley lowering it to $20 and JPMorgan to $21, while maintaining their respective ratings of 'Equal Weight' and 'Overweight' [2] - PG&E announced an organizational restructuring aimed at enhancing customer service in Northern and Central California, effective January 1, 2026, with Patti Poppe continuing as CEO [4] Group 2 - PG&E Corporation provides electricity and natural gas through its subsidiary, Pacific Gas and Electric Company, serving various sectors including commercial, industrial, and agricultural [4]