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PG&E (PCG) Catches Eye: Stock Jumps 9.3%

Zacks Equity Research

PG&E Corporation PCG was a big mover last session, as the company saw its shares rise more than 9% 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 34.5% in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

PG&E currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Pacific Gas & Electric Co. Price

Pacific Gas & Electric Co. Price

Pacific Gas & Electric Co. price | Pacific Gas & Electric Co. Quote

Investors interested in the Utility - Electric Power industry may consider a better-ranked stock like Alliant Energy Corporation LNT, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is PCG going up? Or down? Predict to see what others think:Up or Down

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