Jim Cramer on PG&E: "I Think This One Could be a Bargain"

PG&E Corporation (NYSE:PCG) is one of the stocks Jim Cramer recently covered. Cramer discussed the stock’s performance for the year, as he commented:

“For the most part, this has been a great year for the electric utilities with a few glaring exceptions. Take PG&E, which is based in Central and Northern California. Its stock is down more than 18% for the year, and that’s in part due to misplaced perceptions about wildfires. I think this one could be a bargain.”

PG&E Corporation (NYSE:PCG) provides electricity and natural gas services through generation, transmission, and distribution networks. It uses nuclear, hydro, fossil fuel, and renewable sources. Cramer called the stock “dirt-cheap” during the February 3 episode. He said:

“But the second biggest decliner is very intriguing. It’s PG&E that’s down 22.4% last month. Now that seems to be just guilt by association. Patti Poppe told us that, she’s the CEO. It doesn’t even operate in Southern California. I think it’s worth buying after last month’s weakness. Yes, it’s dirt cheap. Buy it.”

The company’s stock has gained over 8% since the above comment was aired.

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.