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PG&E Stock Loses ~30% in Two Trading Sessions

Vincent Kruger
PG&E Stock Loses ~30% in Two Trading Sessions

Shares of the wildfire-stricken PG&E Corporation (PCG) are falling lower and lower. According to Reuters, S&P Global Ratings cut PG&E’s ratings from “BBB-“ to “B,” referring to the indications of significant deterioration in the political and regulatory environment for the utility. On January 5, Reuters reported that PG&E is considering filing for bankruptcy.