PG&E Corporation, Lockheed Martin, Salesforce, and Wells Fargo Announce the Launch of EMBERPOINT LLC

Group 1: Joint Venture Announcement - PG&E Corporation, along with Lockheed Martin, Salesforce, and Wells Fargo, launched EMBERPOINT LLC, a joint venture focused on wildfire detection, prevention, and response [1] - EMBERPOINT will utilize artificial intelligence, autonomous systems, and integrated command-and-control tools to enhance fire detection and response coordination [1] - PG&E contributes its wildfire mitigation experience, while Lockheed Martin provides prediction and detection capabilities, Salesforce offers a digital platform, and Wells Fargo supports the venture with capital investment [1] Group 2: Analyst Ratings and Price Targets - Morgan Stanley raised its price target on PG&E Corporation to $21 from $20, maintaining an Equal Weight rating [2] - J.P. Morgan and TD Cowen reiterated their 'Buy' ratings on PG&E Corporation with price targets of $21, viewing it as a compelling recovery story post-wildfires [3] - Analysts highlight PG&E's growth potential driven by electrification trends and wildfire mitigation opportunities, with TD Cowen noting its compelling valuation [3] Group 3: Company Overview - PG&E Corporation is a California-based utility holding company, with its primary subsidiary supplying electricity and natural gas to approximately 16 million customers across Northern and Central California [4] - The service area covers about 70,000 square miles, indicating the company's extensive operational footprint [4]