BMO Capital Maintains Buy Rating on PG&E Corporation (PCG) Stock

PG&E Corporation (NYSE:PCG) is one of the Best Electric Utility Stocks to Buy According to Analysts. On September 11, James Thalacker, an analyst from BMO Capital, maintained a “Buy” rating on the company’s stock. The associated price target remained same at $23.00. The analyst believes that PG&E Corporation (NYSE:PCG)’s shares are currently perceived to be undervalued, despite healthy EPS and rate base growth. Furthermore, the potential for multiple expansion is helped by numerous catalysts, such as an upgrade to investment grade as well as growing dividend yield, added the analyst.

BMO Capital Maintains Buy Rating on PG&E Corporation (PCG) Stock

PG&E Corporation (NYSE:PCG) updated its FY 2025 GAAP earnings guidance to between $1.26 – $1.32 per share, from the range of $1.29 to $1.35 per share. The factors likely to drive GAAP earnings consist of customer capital investment and costs associated with unrecoverable interest expense of $350 million – $400 million after tax and other earnings factors, which include allowance for funds used during construction, incentive revenues, tax benefits, and cost savings, net of below-the-line costs.

While we acknowledge the potential of PCG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PCG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.