PG&E (PCG) Touches New All-Time Low

We recently published a list of 10 Stocks Investors Dumped Fast. In this article, we are going to take a look at where PG&E Corporation (NYSE:PCG) stands against other worst-performing stocks.

PG&E Corporation extended its losing streak to a seventh consecutive day on Monday, touching a new all-time low as investor sentiment was dented by its ongoing financial and operational hurdles.

PG&E Corporation (NYSE:PCG) fell to a new 52-week low of $14.56 before slightly pulling up to end the day just down by 6.78 percent at $14.58 apiece.

Monday’s trading was partly influenced by a rating downgrade from Wolfe Research, having lowered its price target to $19 from $22 previously, as well as the decrease in natural gas prices during the day.

Wolfe Research, however, maintained an “outperform” rating for the company’s stock.

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

PG&E Corporation (NYSE:PCG) is one of the largest utility companies in the US. It provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California.

Overall, PCG ranks 5th on our list of worst-performing stocks. While we acknowledge the potential of PCG as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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