JPMorgan Raises its Price Target on PG&E Corporation (PCG) to $24 from $21

Core Insights - PG&E Corporation (NYSE:PCG) is recognized as one of the top nuclear energy stocks to invest in, with recent price target increases from major financial institutions indicating positive market sentiment [1][2]. Group 1: Analyst Upgrades and Price Targets - JPMorgan raised its price target on PG&E Corporation to $24 from $21, maintaining an Overweight rating after updating models for the North America utilities group [1][6]. - UBS upgraded PG&E Corporation to Buy from Neutral and increased its price target to $23 from $20, citing improvements in California wildfire policy and affordability as potential drivers for upside [2]. Group 2: Financial Performance - PG&E Corporation reported Q3 core EPS of 36 cents, aligning with the consensus estimate of 36 cents, indicating stable financial performance [3]. - CEO Patti Poppe highlighted the company's progress in 2025, emphasizing efforts to provide safe, reliable, and affordable energy while achieving multiple reductions in electric prices and preventing major wildfires for three consecutive years [3]. Group 3: Company Overview - PG&E Corporation provides electricity and natural gas services to customers across northern and central California, positioning itself as a key player in the energy sector [4].