PG&E Plans $12.9 Billion Investment to Drive Clean Energy Growth
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Investment Plan: PG&E plans to invest $12.9 billion in 2025 and an additional $73 billion from 2026 to 2030, which will support its goal of 10% earnings growth in 2025, thereby enhancing the company's long-term financial performance.
- Earnings Outlook: The Zacks Consensus estimates PG&E's earnings per share for 2025 and 2026 at $1.50 and $1.64, reflecting year-over-year growth of 10.29% and 9.05%, indicating a sustained improvement in the company's profitability.
- Green Energy Goals: PG&E has achieved its target of 580 megawatts of battery storage capacity and aims to deliver 90% of retail energy sales from renewable sources by 2035, which will enhance its competitiveness in the renewable energy market.
- Shareholder Returns: With a current dividend yield of 1.26%, PG&E promises a dividend payout ratio of 7% for 2025, expected to rise to 20% by 2026-2030, which will bolster investor confidence and attract further investments.
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Analyst Views on PCG
Wall Street analysts forecast PCG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCG is 21.36 USD with a low forecast of 18.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 14.930
Low
18.00
Averages
21.36
High
25.00
Current: 14.930
Low
18.00
Averages
21.36
High
25.00
About PCG
PG&E Corporation is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company (the Utility), a public utility operating in Northern and Central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electric transmission and distribution services throughout its service area in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides electricity, transmission, and distribution services in its service area. The Utility owns approximately 18,000 circuit miles of interconnected transmission lines operating at voltages ranging from 60 kilovolts (kV) to 500 kV. The Utility also operates 33 electric transmission substations with a capacity of approximately 67,000 megavolt amperes (MVA). Customers can also obtain electricity from alternative providers such as municipalities (CCAs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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