Fire Sale At PG&E Worth A Look
Portfolio Pulse from
PG&E Corp. stock has dropped 22% this year due to the Los Angeles wildfires, even though they are outside its service area. Fitch Ratings has maintained its rating, indicating that any use of the state's wildfire fund should be manageable. The convertible issue PCG.PR.X offers a 7% dividend yield and potential upside.
February 03, 2025 | 10:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
PG&E Corp. stock has fallen 22% this year due to wildfires, but Fitch Ratings maintains its rating, suggesting manageable risks. The convertible issue PCG.PR.X offers a 7% dividend yield.
Despite the stock's decline due to wildfires, Fitch Ratings' affirmation suggests that the financial impact is manageable. The convertible issue PCG.PR.X provides a 7% yield, which may attract investors seeking income.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90