Jim Cramer Recently Covered These 10 Stocks

6. PG&E Corporation (NYSE:PCG)

Number of Hedge Fund Holders: 77

PG&E Corporation (NYSE:PCG) is one of the stocks Jim Cramer recently covered. Cramer discussed the stock’s performance for the year, as he commented:

“For the most part, this has been a great year for the electric utilities with a few glaring exceptions. Take PG&E, which is based in Central and Northern California. Its stock is down more than 18% for the year, and that’s in part due to misplaced perceptions about wildfires. I think this one could be a bargain.”

PG&E Corporation (NYSE:PCG) provides electricity and natural gas services through generation, transmission, and distribution networks. It uses nuclear, hydro, fossil fuel, and renewable sources. Cramer called the stock “dirt-cheap” during the February 3 episode. He said:

“But the second biggest decliner is very intriguing. It’s PG&E that’s down 22.4% last month. Now that seems to be just guilt by association. Patti Poppe told us that, she’s the CEO. It doesn’t even operate in Southern California. I think it’s worth buying after last month’s weakness. Yes, it’s dirt cheap. Buy it.”

The company’s stock has gained over 8% since the above comment was aired.