PCG
PG&E CorporationNYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-05-08
As of May 8, 2026, PCG has a composite score of 20.0, categorized as "mild favorable." The score is influenced by a medium confidence level of 73.2 and elevated risk, with sector performance at -0.7. Key drivers include macroeconomic factors such as rates, labor, inflation, and growth. This analysis is provisional.
Price
Daily closes from AlphaVantage. Earnings/event dots are placed inline.
Factor signals
Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.
Thesis
— is this a strong company over a 1–3 year hold?Why this rank
- Direction share1.00
- Slope (norm)-0.10
- Bonus0.00
Why this rank
Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3
Why this rank
Watch
— has something changed worth re-reading?Why this setup
EPS estimate $0.35 → $0.36 (+2.5% / 30d). 3 raised, 4 cut, 10 covering analysts.
0 upgrades, 0 downgrades / 30d. 78% of analysts rate Buy.
2 PT revisions / 30d. Avg target 38.3% above current price.
0 positive, 0 negative / 30d.
F4 · Management deep-dive — recent events, stated priorities, guidance track record
Recent 8-K events
No recent events recorded.
Stated priorities
3 priorityies extracted from earnings transcripts (as of 2026-05-08).
- 1.Reduce non-fuel O&M costs by 2-4%costmixed63% progress
4/23: “On track to meet 2-4% non-fuel operating and maintenance (O&M) cost reduction target.”
Why this status
Stated in 2 of last 2 quarters. PG&E reported a 2.5% reduction in non-fuel O&M costs in 2025 and continues to target a 2-4% reduction. Operating income increased from $1,220M in 2025-Q1 to $1,470M in 2026-Q1, indicating progress in cost management.
- 2.Reaffirm 2026 EPS guidance of $1.64 to $1.66growthmixed65% progress
4/23: “Full year 2026 non-GAAP core EPS guidance reaffirmed at $1.64 to $1.66 per share.”
Why this status
Stated in 3 of last 3 quarters. PG&E reaffirmed its 2026 EPS guidance of $1.64 to $1.66 per share. Non-GAAP core earnings were $982M in 2026-Q1, up from $728M in 2025-Q1, supporting the guidance trajectory.
- 3.Expand renewable natural gas facilitiesgrowthmixed65% progress
4/23: “Connected its eighth renewable natural gas (RNG) facility, plans to connect five more by 2027.”
Why this status
Newly stated in 2026-Q1. PG&E connected its eighth RNG facility and plans to add five more by 2027. This expansion supports its growth strategy in renewable energy, though financial impact is not yet evident in the reported numbers.
Guidance track record
Insufficient guidance history for this ticker.
Position context
— how violent might the path be while I hold it?Why this risk level
Recent vol — 30d annualized 24%; 252d 27%.
Drawdown — Max 1y −27%. Bad day move −3%.
Beta to sector ETF (XLU) — 0.06 over 1y.
Liquidity — score 100/100.
Sub-scores — vol 55/100, drawdown 46/100, beta 6/100, earnings vol —.
via XLU
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-05-08.
What changed
The most important moves since the prior daily snapshot.
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-05-08
Management scorecard
How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
- #1
Reduce non-fuel O&M costs by 2-4%
CostPG&E aims to achieve a 2-4% reduction in non-fuel operating and maintenance costs.
MixedStated in 2 of last 2 quarters. PG&E reported a 2.5% reduction in non-fuel O&M costs in 2025 and continues to target a 2-4% reduction. Operating income increased from $1,220M in 2025-Q1 to $1,470M in 2026-Q1, indicating progress in cost management.
63%CEO/CFO:“On track to meet 2-4% non-fuel operating and maintenance (O&M) cost reduction target.”Press releaseSource dated 2026-04-23Stated 2 of last 8 quartersFirst seen 2026-04-23Show history (2)
- 2026-Q1Press release
“On track to meet 2-4% non-fuel operating and maintenance (O&M) cost reduction target.”
- 2025-Q4Press release
“Reduced non-fuel operating and maintenance (O&M) costs in 2025 by 2.5%.”
- #2
Reaffirm 2026 EPS guidance of $1.64 to $1.66
GrowthPG&E reaffirms its full year 2026 non-GAAP core EPS guidance range of $1.64 to $1.66 per share.
MixedStated in 3 of last 3 quarters. PG&E reaffirmed its 2026 EPS guidance of $1.64 to $1.66 per share. Non-GAAP core earnings were $982M in 2026-Q1, up from $728M in 2025-Q1, supporting the guidance trajectory.
65%CEO/CFO:“Full year 2026 non-GAAP core EPS guidance reaffirmed at $1.64 to $1.66 per share.”Press releaseSource dated 2026-04-23Stated 3 of last 8 quartersFirst seen 2026-04-23Show history (3)
- 2026-Q1Press release
“Full year 2026 non-GAAP core EPS guidance reaffirmed at $1.64 to $1.66 per share.”
- 2025-Q4Press release
“Tightening 2026 non-GAAP core EPS guidance to $1.64 to $1.66 per share.”
- 2025-Q3Press release
“Initiating 2026 non-GAAP core EPS guidance in the range of $1.62 to $1.66.”
- #3
Expand renewable natural gas facilities
GrowthPG&E plans to connect an additional five renewable natural gas facilities by the end of 2027.
MixedNewly stated in 2026-Q1. PG&E connected its eighth RNG facility and plans to add five more by 2027. This expansion supports its growth strategy in renewable energy, though financial impact is not yet evident in the reported numbers.
65%CEO/CFO:“Connected its eighth renewable natural gas (RNG) facility, plans to connect five more by 2027.”Press releaseSource dated 2026-04-23Stated 1 of last 8 quartersFirst seen 2026-04-23Show history (1)
- 2026-Q1Press release
“Connected its eighth renewable natural gas (RNG) facility, enabling more California-produced RNG.”
How this stock is priced
Two ways to read price: against peers in the same business, and against the company's own history.
Looks cheaper than most peers in the same business.
Cheaper than its own typical valuation.
P/E over the last 5 years
45 monthly pointsHow this compares
A side-by-side read on composite, valuation, and risk versus peers.
| Stock | Composite | Valuation | Risk |
|---|---|---|---|
PCG PG&E Corporation | +20 | inexpensive | elevated |
NEE NextEra Energy | +19 | full | moderate |
CEG Constellation Energy | +16 | full | elevated |
SO Southern Company | +19 | fair | moderate |
DUK Duke Energy | +28 | inexpensive | moderate |
Risk — how this stock moves
What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.
What could change this view
Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.
- If utilities sector trend rises from -0.04 into 'improving' (>= +0.20)+5.0 pts
- If next-quarter guidance is raised (currently NEW as of 2026-04-23)+4.0 pts
- If next-quarter guidance is cut (currently NEW as of 2026-04-23)-8.0 pts
- If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
- If utilities sector trend falls from -0.04 into 'weakening' (<= -0.20)-5.0 pts
Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-2316d agoItem 2.02
Results of Operations and Financial Condition. On April 23, 2026, PG&E Corporation issued a press release reporting its financial results and the financial results of its subsidiary Pacific Gas and Electric Company (the “Utility”) for the quarter ended March 31, 2026. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information included in this Item 2.02, including Exhibit 99.1 in Item 9.01, is being furnished and shall not be deemed to be “filed” for purp…
earnings preannouncementneutralscore 46
Score history
The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.