Power Outage Impact: A significant power outage in San Francisco left 130,000 homes and businesses without electricity, disrupting city services and highlighting the vulnerabilities of technology, including cryptocurrency access.
Decentralization vs. Infrastructure: While blockchain networks like Bitcoin and Ethereum remain operational during outages, user access to crypto wallets and transactions is heavily reliant on local electricity and internet infrastructure.
Security and Accessibility Tension: The blackout illustrated the conflict between security and accessibility in cryptocurrency; while assets stored in hardware wallets are safe, users cannot access them without power, limiting their ability to respond to market conditions.
Lessons for Crypto Holders: The incident emphasizes the need for diversified backup plans and infrastructure considerations when choosing crypto exchanges, as blockchain networks can survive outages, but user access does not.
PCG
$15.73+Infinity%1D
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 21.45 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
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 21.45 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.
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 15.820
Low
18.00
Averages
21.45
High
25.00
Current: 15.820
Low
18.00
Averages
21.45
High
25.00
Morgan Stanley
Equal Weight
downgrade
$21 -> $20
2025-12-16
Reason
Morgan Stanley
Price Target
$21 -> $20
2025-12-16
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on PG&E to $20 from $21 and keeps an Equal Weight rating on the shares. Utility performance will be heavily driven by data centers and growth upside in 2026, the analyst tells investors in a year-ahead note.
JPMorgan
Overweight -> NULL
downgrade
$22 -> $21
2025-12-12
Reason
JPMorgan
Price Target
$22 -> $21
2025-12-12
downgrade
Overweight -> NULL
Reason
JPMorgan lowered the firm's price target on PG&E to $21 from $22 and keeps an Overweight rating on the shares. The firm updated models in the North Americans utilities group.
Wells Fargo
Overweight
initiated
$23
2025-10-27
Reason
Wells Fargo
Price Target
$23
2025-10-27
initiated
Overweight
Reason
Wells Fargo initiated coverage of PG&E with an Overweight rating and $23 price target. The firm says PG&E is one of its "deepest value regulated buys." Despite California regulatory and wildfire liability risks, the company "has done all the right things in 2025," the analyst tells investors in a research note. Wells sees less headline risk for PG&E relative to Edison International (EIX).
UBS
Neutral
maintain
$17 -> $18
2025-10-24
Reason
UBS
Price Target
$17 -> $18
2025-10-24
maintain
Neutral
Reason
UBS raised the firm's price target on PG&E to $18 from $17 and keeps a Neutral rating on the shares.
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.
