28 Mar

What’s Next for PG&E Corporation Stock?

WRITTEN BY Vineet Kulkarni

Approval of debtor-in-possession loan

According to Reuters, PG&E (PCG) won a court approval on March 27 for a $5.5 billion loan to help keep up its electric and gas delivery operations.

PG&E stock has surprisingly shown a significant rally this year. The stock has surged more than 50% since it filed for bankruptcy in January. Prior to PG&E’s filing for bankruptcy, its stock touched a record low level of ~$5.0. Speculators who bought PG&E at close to that level just ten weeks ago could be sitting on a hefty gain of more than 250% at the moment.

What’s Next for PG&E Corporation Stock?

PCG stock is currently the most volatile stock among utilities. Its implied volatility is at 60% compared to utilities’ (XLU) average volatility level of ~12%. PCG is trading in the oversold zone with a relative strength index of below 30.

Investors seem to have faith in PG&E stock. Over the past 12 months, PCG has fallen more than 60%, while state peer Sempra Energy (SRE) has risen ~12%, and Edison International (EIX) has risen 1%.

Latest articles

15 Jul

Will Amazon Prime Day 2019 Break 2018's Record?

WRITTEN BY Jitendra Parashar

This year, Amazon extended its Prime Day to 48 hours instead of the 36-hour sale in July 2018, making the 2019 event the longest Prime Day ever.

In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.

15 Jul

OrganiGram's Third-Quarter Earnings


On Monday morning, OrganiGram's third-quarter earnings came in as a bit of a let-down. Here's why.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.

With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.