PCGU News and Press, Pacific Gas & Electric Co. Equity Unit From 08/30/22

Summary We are value investors focusing our efforts on making a few intelligent business decisions for our shareholders and ourselves in order to earn competitive long-term returns when compared to low-risk alternatives and broad market indexes. For the 2022 semi-annual fiscal per...

Dan Loeb's 13F portfolio value decreased from $7.68B to $4.22B this quarter. The number of positions decreased from 75 to 58. Third Point added Colgate-Palmolive, Antero Resources, Walt Disney, and T-Mobile US. They also increased Ovintiv. However, net equity exposure was cut sharply ...

During the Second Quarter, Third Point returned -9.3% in the flagship Offshore Fund. During the second quarter, we significantly reduced risk and took steps to protect capital. In recent weeks we have identified several new positions and covered most of our single name shorts, bri...

The following slide deck was published by PG&E Corporation in conjunction with their 2022 Q2 earnings call. For further details see: PG&E Corporation 2022 Q2 - Results - Earnings Call Presentation

PG&E Corporation (PCG) Q2 2022 Earnings Conference Call July 28, 2022 11:00 ET Company Participants Matt Fallon - Senior Director, Investor Relations Patti Poppe - Chief Executive Officer Chris Foster - Executive Vice President and Chief Financial Officer ...

Grid scale battery storage currently rests largely on lithium batteries with Tesla a major player. Can lithium batteries be scaled up for all of the emerging uses? They're best for transport and 0-4 hour grid storage. There's a role for redox flow batteries in stationary applicati...

David Tepper’s 13F portfolio value decreased from $3.89B to $2.50B this quarter. Appaloosa increased Amazon.com, Microsoft, and Uber Technologies while dropping D.R. Horton, General Motors, PulteGroup, and T-Mobile US. Alphabet, Amazon.com, Meta Platforms, Macy's, and Micro...

Dan Loeb's 13F portfolio value decreased from $14.33B to $7.68B this quarter. The number of positions decreased from 92 to 75. Third Point added CSX & Alcoa while dropping Accenture and Upstart Holdings. They also increased EQT Corporation and Zendesk while reducing Amazon.com and...

Edison International's operating income and net income both declined YOY, which is the exact opposite of what we typically expect from a utility company. This was largely due to a one-off non-cash charge and does not accurately reflect the performance of the company's underlying opera...

We continue to see immense value and potential in our position in Pacific Gas & Electric. In April, PG&E Corporation reported a straightforward and uneventful set of a results, delivering on its promises to customers and investors. The financial equation of consistent earn...