PG&E's New Convertible Preferred Offers Dual Benefit
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PG&E has introduced a new series of 6% preferred stock that can be converted into common stock after three years, offering a potential 25% upside. However, this comes with higher risks compared to conventional preferred stocks.
December 11, 2024 | 4:30 pm
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PG&E's new 6% preferred stock offers a potential 25% upside upon conversion to common stock after three years, but carries higher risks than conventional preferred stocks.
The introduction of a new preferred stock with a 6% yield and a potential 25% upside upon conversion is likely to attract investors seeking higher returns, positively impacting PG&E's stock price in the short term. However, the higher risks associated with this offering may temper enthusiasm.
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