5 Most Undervalued Stocks to Invest In

4. PG&E Corporation (NYSE:PCG)

On May 21, 2026, Morgan Stanley lowered the firm’s price target on PG&E Corporation (NYSE:PCG) to $22 from $23 and maintained an Equal Weight rating on the shares. Morgan Stanley said it updated price targets for North American Regulated & Diversified Utilities / IPPs for April and noted that utilities underperformed the S&P’s return this month.

Meanwhile, Truist lowered the firm’s price target on PG&E Corporation (NYSE:PCG) to $22 from $23 and maintained a Buy rating on the shares. Truist updated its Power and Utilities models ahead of the American Gas Association’s Financial Forum and said sector investment continues to move higher in year three of the data center wave. The firm said vertically integrated electric utilities are clear winners in building infrastructure to serve this load growth.

Last month, PG&E Corporation (NYSE:PCG) reported Q1 EPS of 43c, ahead of the consensus estimate of 40c. Revenue totaled $6.88B, above the consensus estimate of $6.34B. CEO Patti Poppe said the company continues to deliver “safe, reliable, affordable and clean energy” to customers, while noting that residential bundled electric rates are down 23% since January 2024 for its most vulnerable customers.

PG&E Corporation (NYSE:PCG), through Pacific Gas and Electric Company, sells and delivers electricity and natural gas to customers in northern and central California.