Is PG&E Corporation (PCG) Michael Platt's Top Pick?

While NVIDIA Corporation (NASDAQ:NVDA) remains the billionaire’s largest position, PG&E Corporation (NYSE:PCG) ranks 2^nd on the list of Michael Platt’s top holdings with a 3.41% portfolio share ($148.79 million). We recently published a list of youngest hedge fund billionaires and their top stock picks.

On February 5, 2026, PG&E Corporation (NYSE:PCG) and SPAN announced a strategic partnership to deploy SPAN Edge, an at-the-meter solution that reduces the complexity and cost of residential electrification. With this solution, Customers can add EV chargers, heat pumps, and other electric appliances without having to upgrade their panels or services, which is a significant bottleneck as electrification picks up speed. The scope of the opportunity, which allows for real-time load management, is highlighted by PG&E’s estimate that over 600,000 homes within its service area may need upgrades over the course of the next ten years.

With estimated installation costs ranging from $500–$2,000 for customers, PG&E Corporation (NYSE:PCG)’s new PanelBoost program will pair SPAN Edge with next-generation metering infrastructure, providing a grid-edge alternative to traditional upgrades that can cost $6,000–$40,000. The initiative demonstrates PG&E’s emphasis on capital-efficient grid modernization, demand-side flexibility, and customer affordability. These are important priorities as California’s load growth increases due to the electrification of buildings and transportation.

PG&E Corporation (NYSE:PCG) engages in the provision of electricity and natural gas services in Northern and Central California, with a focus on grid reliability, clean energy integration, and infrastructure modernization to meet long-term electrification demands.

Note: NVIDIA Corporation (NASDAQ:NVDA) is BlueCrest Capital’s top holding, accounting for 4.74% share of the firm’s total portfolio, equivalent to $206.87 million.

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.

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Disclosure: None.