Is PG&E Corporation (PCG) a Good Energy Stock to Invest in?

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California.

Is PG&E Corporation (PCG) a Good Energy Stock to Invest in?

Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations.

PG&E Corporation (NYSE:PCG) slightly fell below forecasts in both revenue and earnings in the first quarter of 2025. However, despite the miss, the company remains confident in meeting its FY 2025 targets, reaffirming its 2025 non-GAAP core earnings guidance at $1.48 to $1.52 per share.

PG&E Corporation (NYSE:PCG) continues to believe in its long-term strategy, and its EPS growth guidance for 2026 through 2028 remains at least 9% each year. To make sure it is prepared to meet the growing electricity demand in America, the company has also outlined a $63 billion capital plan through 2028, with a special focus on data center growth and affordability. Thanks to its operations in the Bay Area, PG&E’s data center pipeline has grown to 8.7 GW from 5.5 GW, with nearly 3,000 customers added to its electric grid system in the first quarter of 2025.

PG&E Corporation (NYSE:PCG) also remains committed to its shareholders and is targeting a 20% dividend payout by 2028. The company also announced a regular quarterly dividend of $0.025 per share just last week.

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.

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Disclosure: None.