Guggenheim analyst Shahriar Pourreza lowered the firm’s price target on PG&E to $18 from $22 and keeps a Buy rating on the shares. PG&E reported Q4 EPS in line with consensus and rebased 2025 EPS guidance from actuals, “delivering on plan in textbook fashion,” the analyst tells investors. However, the earnings call focused on the discount in valuation and investor concerns around the wildfire constructs in California, with management echoing the need to regain investor confidence around wildfires, the analyst noted.
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Read More on PCG:
- PG&E price target lowered to $15 from $20 at Evercore ISI
- PG&E downgraded to Underweight from Equal Weight at Morgan Stanley
- PG&E Corporation Reports Strong 2024 Financial Performance
- PG&E Earnings Call: Strong Growth Amid Wildfire Concerns
- PG&E raises FY25 core EPS view to $1.48-$1.52 from $1.47-$1.51
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