PG&E (PCG) Stock Sees Fair Value Cut As Analysts Split Over California Risks

PG&E's fair value estimate has been cut from US$22.59 to US$20.78, an 8% pullback that resets the price target used in one key valuation framework. This shift aligns with a research backdrop where analysts are split, with targets now spread from about US$13 to US$28 as views differ on wildfire liability, capital plans and how policy risk should be priced. As you read on, you will see how these moving targets shape the current PG&E story and what to watch as the narrative continues to...