BMO Capital analyst James Thalacker has maintained their bullish stance on PCG stock, giving a Buy rating on October 9.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
James Thalacker has given his Buy rating due to a combination of factors that suggest a positive outlook for PG&E’s stock. The company’s earnings per share (EPS) for the second half of 2025 are expected to rise significantly, driven by operational and maintenance savings, customer capital investments, and the reversal of certain timing elements from the first half of the year. These factors are anticipated to offset the impacts of equity dilution and lower year-over-year return on equity.
Additionally, PG&E’s future guidance for 2026 is expected to align with or exceed current consensus estimates, supported by potential regulatory developments such as the ongoing Cost of Capital filing and the implementation of new electric undergrounding guidelines. The stock is currently perceived as undervalued, with opportunities for multiple expansion through potential credit rating upgrades and an increasing dividend yield, which, alongside consistent execution, are expected to enhance shareholder value.
In another report released on October 9, Mizuho Securities also maintained a Buy rating on the stock with a $21.00 price target.