10 Best Clean Energy Stocks to Buy According to Billionaires

3. PG&E Corporation (NYSE:PCG)

Number of Billionaire Holders: 16

Next on our list of the Best Renewable Energy Stocks is PG&E Corporation (NYSE:PCG), which provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. The company delivers some of the country’s cleanest electric power, and its retail customers received 100% greenhouse gas-free electricity in 2023.

PG&E Corporation (NYSE:PCG) reported an adjusted EPS of $0.31 in Q4 2024, in-line with market expectations. However, the company’s revenue declined by 5.82% YoY during the quarter and missed market expectations by over $587 million. PCG is guiding for $1.50 EPS this year, with projected 10% annual growth – an exceptional rate for a utility, given that most of its competitors have only projected an EPS growth of 5%-8%. The company has also more than doubled its operating cash flow from 2022 and generated $8 billion in 2024. The utility firm remains committed to its shareholders, aiming to achieve a dividend payout ratio of 20% of its core earnings per share by 2028 with consistent annual increases.

PG&E Corporation (NYSE:PCG) added nearly 14,000 new customers to its electric grid system in 2024 and is now aiming to take full advantage of the data center boom, with a target to serve approximately 5.5 gigawatts of new data center energy demand over the next decade, with 1.4 GW currently in final design and projected to come online by 2030.