PG&E Stock Sits at 52-Week Low Despite Solid Fundamentals
PG&E trades near $12.94, off 12.2% in a year while the S&P 500 gained 18.5%. The gap traces to wildfire liability rules in Sacramento, not weakening operations.
Topic
Utilities
Topic
Utilities
Utilities May Be Earning 3 Points Too Much on Equity
Utilities earned about 10% on equity over two years, some 2-3 points above cost of capital, adding roughly 5% to electric bills.…