10 Best Stocks to Buy Under $20

2. PG&E Corporation (NYSE:PCG)

Share Price as of October 1: $15.66

Number of Hedge Fund Holders: 77

PG&E Corporation (NYSE:PCG) is one of the best stocks to buy under $20. On September 29, PG&E Corporation announced a plan to spend $73 billion by 2030 on transmission upgrades. This major investment is intended to address the surge in electricity demand, primarily driven by data centers and the increased adoption of artificial intelligence.

The California-based company is working to serve 10GW of new electricity demand from data center projects over the next ten years. The surge in power consumption is expected to contribute to record high power consumption in 2025 and 2026, according to the US Energy Information Administration/EIA.

In addition to serving the new data center load, PG&E is making investments to improve the reliability of its power grid, having previously been criticized for sparking numerous wildfires. A plan filed in March for the 2026-2028 period outlines the company’s goals to build nearly 700 miles of underground power lines and complete 500 miles of additional wildfire safety system upgrades between 2025 and 2026.

PG&E Corporation (NYSE:PCG), through its subsidiary, Pacific Gas and Electric Company, engages in the sale & delivery of electricity & natural gas to customers in northern and central California in the US.