PCG - Reasons to Add PG&E Stock to Your Portfolio Now | Benzinga
PG&E Corporation (NYSE: PCG) is poised to benefit from positive developments like steady infrastructural investments, the addition of clean energy projects and initiatives to build California's electric vehicle charging infrastructure.
Let's focus on the factors that make this Zacks Rank #2 (Buy) stock a good investment option at the moment.
Rising Estimates
The Zacks Consensus Estimate for PCG's 2024 and 2025 earnings per share implies growth of 9.8% and 8.4%, respectively, from the year-ago levels.
The Zacks Consensus Estimate for PCG's 2024 and 2025 sales indicates a rise of 4.9% and 4.1%, respectively, from the prior-year figures.
Better-Than-Industry Returns
PCG's return on invested capital has outperformed the industry's average in the trailing 12 months. ...