PG & E

PG&E Corp (PCG.US) staged a single-session rally, closing up approximately 3.05%, primarily due to positive market interpretation of its revised credit agreement with lenders—the amendment raised commitments to $6.25 billion and extended maturity to 2029, with analysts estimating that the revision leaves shares about 23% undervalued. Opening slightly higher at $16.680, the stock climbed steadily from an intraday low of $16.654 to finish at the session high of $17.075, representing roughly a 10.86% discount from its 52-week high of $19.155. Fundamentally, Q1 2026 earnings per share ($0.3867) grew 39.83% year-over-year, while revenue ($6.881 billion) and net profit ($858 million) rose 15.01% and 41.35% respectively, a marked acceleration from the prior quarter. The stock has reclaimed both its 20-day ($16.819) and 60-day ($16.770) moving averages, with a year-to-date gain of 4.95%. In after-hours trading, however, it edged down to $16.500, slipping about 0.42%.

Pacific Gas & Electric shares declined marginally to $16.82 from the prior close of $16.85 (down 0.18%), after an intraday pullback following pre-market strength that lifted the stock to $17.06 at 07:28 ET. Regular session trading saw pressure from the open at $16.985, with shares sliding to a low of $16.615 at 11:25 ET and closing near $16.82, with post-market settling at $16.80 and total volume of 11.05 million shares. The pullback reflects profit-taking momentum after the pre-market rally. From a valuation lens, PCG is up 3.38% year-to-date but trades below its 60-day moving average of $17.068, with 12.19% upside to the 52-week high of $19.155. Q1 earnings support the case: EPS of $0.3867 surged 39.83% YoY, operating revenue reached $6.881 billion (up 15.01%), and net profit hit $858 million (up 41.35%). Additionally, the company surpassed 1 million solar interconnections, the most among U.S. utilities. However, at PE 13.02 and PB 1.17, valuations have priced in meaningful growth, and further consolidation may persist as markets absorb the robust results.