California wildfires

PG&E Corporation (NYSE: PCG) shares rallied 18% on Monday after the company reached a $13.5 billion settlement with the Official Committee of Tort Claimants (TCC) related to resolve claims related to recent California wildfires. While investors initially cheered the settlement, Bank of America...

PG&E Corporation (NYSE: PCG) shares are trading higher after the company announced it reached a $13.5 billion settlement to resolve individual claims from recent fires including the 2018 Camp Fire and 2017 Tubbs fire. The company has agreed to a settlement with the Official Committee of Tort...

PG&E Corporation (NYSE: PCG) stock jumped more than 20% Wednesday after a report the utility is nearing a settlement with victims of California wildfires started by its power lines. The company is closing in on a $13.5 billion settlement in its bid to resolve the largest utility bankruptcy in...

California Gov. Gavin Newsom on Nov. 1 stated if utility company PG&E Corporation (NYSE: PCG) is unable to "secure its own fate and future," then the state will "do the job for them" in the wake of wildfires. What Happened PG&E has until June 2020 to resolve its...

Ahead of a dry and windy week in California, PG&E Corporation (NYSE: PCG) is considering a precautionary blackout to prevent potential wildfires. The power company announced Monday evening it may shut off power in 15 counties late Wednesday night. The outages would affect about 209,000...

PG&E Corporation (NYSE: PCG) shares are trading higher after the company reported it agreed to a settlement to resolve certain claims on the 2017 Northern California wildfires and the 2018 campfire. The company agreed in principle with entities representing about 85% of insurance subrogation...

PG&E Corporation (NYSE: PCG) has been ordered by a federal judge on Wednesday to respond, “on a paragraph-by-paragraph basis,” to a Wall Street Journal investigation that states the company failed to upgrade hundreds of miles of high-voltage power lines despite knowing they could...

It’s been a wild ride for PG&E Corporation (NYSE: PCG) investors in the last few months. The stock had dropped down 74 percent to under $7 per share in three months when the company officially filed for bankruptcy Jan. 29. Since that filing, the stock has actually skyrocketed 66 percent....

PG&E Corporation (NYSE: PCG) has been on a huge run since the company officially filed for bankruptcy in late January, and one Wall Street analyst said Tuesday that there’s plenty more upside remaining for PG&E stock. The Analyst Citi analyst Praful Mehta has upgraded PG&E stock...

Despite pleas from shareholders and weeks of speculation by Wall Street analysts, PG&E Corporation (NYSE: PCG) followed through with its pledge to file for Chapter 11 bankruptcy. Earlier this month, PG&E indicated it was facing roughly $30 billion in wildfire liability and was preparing a...

PG&E Corporation (NYSE: PCG) investors recieved some much-needed good news Thursday that sent the stock skyrocketing nearly 75 percent. PG&E was cleared of liability for the 2017 California wildfires, and several Wall Street analysts have already weighed in on what the latest news means for...

The announcement that California utility company PG&E Corporation (NYSE: PCG) is preparing for bankruptcy sent shares of the battered stock tumbling more than 62 percent this week. However, a potential PG&E bankruptcy could also impact other utility stocks. Several Wall Street analysts have...

PG&E Corporation (NYSE: PCG) was set to open down nearly 50 percent after announcing a leadership change and bankruptcy proceedings. What Happened Late Sunday, the board of directors announced the resignation of CEO Geisha Williams and rise of interim CEO John Simon, who served as executive...

PG&E Corporation (NYSE: PCG) stock bounced back to life Wednesday following some bullish commentary from Wall Street after a disastrous start to the week. The Analyst Bank of America analyst Julien Dumoulin-Smith reiterated his Buy rating for PG&E but cut his rice target in half from $44 to...

After a wild and unpredictable 2018, PG&E Corporation (NYSE: PCG) are bracing for what could be another volatile year in 2019. After recent developments related to the California wildfires, one Wall Street analyst said PG&E could face up to $6.9 billion in new penalties related to its role...