Here is Why PG&E (PCG) Crashed This Week

The share price of PG&E Corporation (NYSE:PCG) fell by 10.58% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California.

PG&E Corporation (NYSE:PCG) is currently trading at a 2-year low as the company continues to navigate through regulatory pressures and the aftermath of its role in past wildfire incidents. PCG suffered a setback recently after analysts at Wolfe Research reduced their price target for the stock from $22 to $19, while maintaining an Outperform rating.

It is worth mentioning that PG&E Corporation (NYSE:PCG) fell below its Q1 earnings estimates, as it was hurt by higher operating and interest expenses. However, the company remains confident in meeting its FY 2025 targets, reaffirming its 2025 non-GAAP core earnings guidance at $1.48 to $1.52 per share.

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Disclosure: None.