PG&E Corporation stock falls after analyst cuts and wildfire risk

PG&E Corporation stock (ISIN US69331C1080) traded at USD 14.30 on September 10, 2026, after closing at USD 14.19 on September 9, 2026, down 4.2 percent from the prior session. The move followed a wave of analyst resets, including Bank of America and others cutting targets, while wildfire liability remains the central risk.

Analysts reset targets

According to MarketBeat on September 9, 2026, PG&E kept an overall Hold rating in the market overview, with an average price target of USD 18.27 and a consensus target of USD 18.27. The same overview listed Jefferies at USD 13.00, BMO at USD 21.00, and Truist at USD 17.00 after recent cuts.

That target range matters because it frames the stock's USD 14.19 close on September 9, 2026 against a spread from USD 13.00 to USD 21.00. For investors, the gap shows that analysts still disagree on how much wildfire and financing risk the shares should price in.

Quarterly numbers hold

According to MarketBeat, PG&E reported quarterly EPS of USD 0.40 on July 29, 2026, beating the USD 0.36 consensus by USD 0.04. Revenue came in at USD 5.90 billion, below the USD 6.20 billion estimate, and net margin was 12.25 percent.

The same update said PG&E set fiscal 2026 guidance at USD 1.64 to USD 1.66 EPS and that average analysts were looking for USD 1.65. The report also showed revenue was up 1.5 percent year over year, from USD 5.81 billion to USD 5.90 billion.

Stock near the low end

PG&E Corporation stock traded at USD 14.30 on September 10, 2026, with a market cap of USD 331.10 billion in the same market snapshot. The 52-week range was USD 137.62 to USD 167.25, which puts the stock close to the lower end of its recent band.

More news and analyses on PG&E Corporation stock