PG&E Corp Dossier
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SectorUtilities IndustryMulti-Utilities Beta (adjusted)0.52 Intrinsic Value $19.66median of 4 methods · middle span $18-$22based on filings through 30 Jun 2026 Market Price $12.17Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 62% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+62%) Data confidence Sign in to view data confidence Market Cap $36.5B Enterprise Value $98.4B Shares Outstanding 2.3B diluted Moat Rating None Next Earnings Date22 Oct 2026 Last ex-dividend30 Jun 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary PG&E entered the second half of 2026 with $0.83 of first-half non-GAAP core EPS, reaffirmed full-year guidance of $1.64-$1.66 and a 2%-4% non-fuel O&M reduction objective. The operational case is supported by continued grid hardening, continuous monitoring and a data-center pipeline exceeding 12 GW. A Hold is appropriate because favorable execution evidence is balanced by the importance of completing the earnings, cost and wildfire-mitigation milestones. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$19.00 Mean target$22.78 High · most bullish analyst$28.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $19.0020% Earnings finish below guidance because cost reductions, regulatory recovery or capital-investment execution underperform, while wildfire-system hardening falls behind stated milestones. Such an outcome would weaken confidence in the expected earnings trajectory. Base CaseCentral scenario $22.7855% Matches the consensus meanPG&E delivers within its $1.64-$1.66 2026 non-GAAP core-EPS range, achieves at least the lower end of its O&M-reduction target and continues measured progress toward its 2027 system-hardening milestones. Bull CaseUpside scenario $28.0025% PG&E reaches or exceeds the upper end of 2026 core-EPS guidance, realizes the targeted O&M reductions and sustains accelerated wildfire-risk mitigation. Continued customer-capital investment and conversion of the data-center pipeline could strengthen earnings visibility and customer affordability. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |