BofA Maintains a Buy Rating on PG&E Corporation (PCG), Sets a $24 PT

PG&E Corporation (NYSE:PCG) is one of the best cheap stocks with huge upside potential. On June 11, Bank of America Securities analyst Ross Fowler maintained a Buy rating on PG&E Corporation (NYSE:PCG) and set a price target of $24.00.

The company’s fiscal Q1 2025 earnings showed GAAP earnings of $0.28 per share, compared to earnings of $0.34 per share in fiscal Q1 2024. Non-GAAP core earnings for the quarter were $0.33 per share compared to $0.37 per share for the same period last year.

PG&E Corporation (NYSE:PCG) also constructed 26 miles of strengthened poles and covered power lines and 24 miles of underground power lines in areas with high wildfire risks. Between 2025 and 2026, the Utility has plans for the construction of around 500 miles of other wildfire safety system upgrades and 700 miles of underground power lines.

PG&E Corporation (NYSE:PCG) generates, transmits, and distributes natural gas and electricity to customers. The company specializes in utility, electricity, energy, power, solar, gas, and sustainability.

While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.