PG&E CorporationPCG was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company-as the stock is now down 66.2% in the past one-month time frame.
The move came after reports that the company has lined up $5.5 billion in loans and credit to remain operational as it heads toward bankruptcy.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
PG&E currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
PG&E Corporation Price
PG&E Corporation Price | PG&E Corporation Quote
A better-ranked stock in the Utility - Electric Power industry is Ameren Corporation AEE , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is PCG going up? Or down? Predict to see what others think: Up or Down
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
