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Updated · MarketWatch · May 1PG&E Corp stock slides 1.02% and underperforms competitors
8 articles · Updated · MarketWatch · May 1
- The shares closed at $16.45 on Friday, lagging NextEra Energy, Southern Co and Eversource Energy during a mixed US market session.
- The decline snapped a two-day winning streak as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
- PG&E ended 14.12% below its 52-week high of $19.16 reached on 2 March, while trading volume of 13.1 million was 9.6 million below its 50-day average.
With analysts calling PG&E a 'Strong Buy,' are they underestimating California's political war on high utility bills? Is PG&E's battle with data center demand and angry customers a preview of America's coming nationwide energy crisis? PG&E promises a high-tech grid. Is this a path to safety and savings, or just a justification for soaring customer bills?