Pacific Gas & Electric (PCG) News Today

Pacific Gas & Electric Co. (PCG) — Shares are trading lower today despite multiple analyst upgrades and a higher price target. Investors are weighing fresh buy-side research and earnings optimism against regulatory noise around PG&E’s multi-year rate request and upcoming CPUC forums. Key items for investors are below.

• Positive Sentiment: BMO Capital Markets raised its price target on PG&E to $25, citing a discounted valuation and potential near‑term catalysts that could re-rate the stock. BMO Raises PT to $25
• Positive Sentiment: TD Cowen initiated/raised coverage and moved PCG to a "strong-buy" (and earlier to a "buy" with a $21 PT), reflecting analyst conviction in upside from valuation and improving fundamentals. TD Cowen Strong-Buy
• Positive Sentiment: Zacks highlights that PG&E has the setup for an earnings beat next week, pointing to revenues and cost dynamics that could support upside to consensus. Zacks Earnings Preview
• Neutral Sentiment: PCG is due to report Q3 2025 earnings before the open on Oct. 23 — an event that could move the stock materially depending on results and guidance. Earnings Announcement Date
• Neutral Sentiment: PG&E filed for additional rate increases as part of a four‑year projection — a potential revenue tailwind if approved but one that invites regulatory scrutiny. Rate Increase Filing
• Negative Sentiment: The California Public Utilities Commission will hold public forums on PG&E’s 2027 rate case and local reports say Californians plan to voice concerns — increased public pushback and regulatory hearings raise execution and timing risk around rate approvals. CPUC Forums Local Opposition

Bottom line for investors: analyst upgrades and a higher price target support upside, but near‑term performance will likely hinge on Q3 results and the outcome/tone of the CPUC rate‑case process. Monitor earnings on Oct. 23, analyst note follow‑through, and any CPUC developments for catalysts or downside risk.