PG&E: The Earnings Outlook Still Looks Good, Shares Undervalued
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PG&E is considered undervalued with a trailing 12-month operating P/E of 14.6, a 23% discount to the sector, and a favorable PEG ratio. Despite wildfire risks and past bankruptcies, PG&E shows positive EPS trends and solid revenue growth projections. Technical analysis indicates an uptrend with a target of $22-$23.
November 08, 2024 | 9:30 am
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PG&E is undervalued with a P/E of 14.6, a 23% discount to the sector, and a favorable PEG ratio. Despite wildfire risks and past bankruptcies, PG&E shows positive EPS trends and solid revenue growth projections. Technical analysis indicates an uptrend with a target of $22-$23.
The article highlights PG&E's undervaluation compared to the sector, positive EPS trends, and solid revenue growth projections, which are favorable for investors. Technical analysis supports a bullish outlook with a target price of $22-$23, indicating a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100