Goldman Sachs sets USD 23.00 target for PG&E Corporation stock
Published on 10/02/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
PG&E Corporation (ISIN US69331C1080) has a USD 23.00 price target from Goldman Sachs, which maintained its Buy rating on September 28, 2026, according to Markets Insider. The target stands above the USD 18.44 consensus cited in the same report, giving investors a clear split between the bullish house view and the broader analyst average.
Second-quarter earnings set the base
PG&E reported USD 5.9 billion in revenue and USD 761.0 million in net income for the second quarter of 2026, according to Markets Insider. Revenue matched the USD 5.9 billion reported for the year-earlier quarter, while net income rose from USD 549.0 million to USD 761.0 million, a USD 212.0 million increase.
Structured financial data place second-quarter operating cash flow at USD 748.0 million and total assets at USD 145.1 billion as of June 30, 2026. Those figures give the stock a substantial operating and balance-sheet base, but they also underline the capital intensity of California grid investment.
Wildfire risk challenges the upside
UBS downgraded PG&E from Buy to Neutral and cut its target from USD 19.00 to USD 14.00 on September 22, 2026, according to Yahoo Finance. The report cited stalled California wildfire-liability reform and listed estimated aggregate liabilities of USD 2.25 billion for the 2021 Dixie fire and USD 400.0 million for the 2022 Mosquito fire as of June 30, 2026.
PG&E has also deferred USD 2.0 billion of planned 2027 investment, reducing its capital plan to USD 11.4 billion, the same report said. For investors, the contrast is direct: Goldman sees a USD 23.00 path, while UBS places the target at USD 14.00 and emphasizes financing and liability risks.
October earnings date is set
PG&E Corporation will discuss its third-quarter 2026 results on October 22, 2026, at 11:00 a.m. ET, according to the company's release carried by PG&E Corporation. The scheduled report will give the market a fresh reading on earnings, cash generation and the pace of grid investment.
PG&E stock holds at EUR 10.85
PG&E stock was trading at EUR 10.85 at Lang & Schwarz on October 2, 2026 at 2:01 p.m. CEST, unchanged at 0.00 percent versus the Lang & Schwarz prior close of EUR 10.85 on October 1, 2026. The primary listing is on the NYSE, where the latest structured quote was USD 12.17 on October 1, 2026, and market capitalization stood at USD 32.6 billion.
The further course of trading is shown by the continuously updated real-time quote of PG&E Corporation stock.
PG&E Corporation stock facts
- Company: PG&E Corporation
- ISIN: US69331C1080
- Ticker: PCG
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 2, 2026, 2:01 p.m. CEST: EUR 10.85
- Change versus prior close: 0.00 percent
- Prior close Lang & Schwarz October 1, 2026: EUR 10.85
- Market capitalization: USD 32.6 billion as of October 1, 2026
- 52-week range: USD 11.77-19.16 as of October 1, 2026
- Sector / Industry: Utilities / Regulated Electric
