1. PG&E Corporation (NYSE:PCG)
Short Percentage of Shares Outstanding: 0.00%
On June 4, PG&E Corporation (NYSE:PCG) announced that more than 1 million customers now have solar systems connected to its electric grid, marking a significant milestone in the company’s support of renewable energy adoption. Commenting on the achievement, Jason Glickman, Executive Vice President of Strategy and Growth, stated that PG&E has facilitated more solar adoption than any other utility in the United States and continues to support solar deployment across residential, commercial, and utility-scale applications.
On May 21, Morgan Stanley reduced its price target on PG&E Corporation (NYSE:PCG) to $22 from $23 while maintaining an Equal Weight rating on the stock. The adjustment was made as part of the firm’s broader update to valuation targets across North American regulated and diversified utilities as well as independent power producers, with the firm noting that utility stocks underperformed the broader S&P 500 during the month.
PG&E Corporation (NYSE:PCG) was founded in 1905 (with its holding company incorporated in 1995), headquartered in Oakland, California. It is an investor-owned utility delivering electricity and natural gas to millions in northern and central California. The company operates dedicated incentive programs that construct, own, and maintain electrical infrastructure for commercial fleet operators and public spaces.
PG&E’s achievement of connecting more than one million solar customers underscores its leadership position in renewable energy integration and highlights the growing scale of its electricity network. Despite a modest reduction in Morgan Stanley’s price target, the company’s continued expansion of clean energy infrastructure and strong utility franchise provide support for its long-term growth and stability.
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