PG&E Corporation: Initiation of Coverage – Can They Make The Most Of The Growth in Clean Energy and Electrification? 

PG&E Corporation reported its First Quarter 2024 results announcing a solid performance with a core earnings per share of $0.37 and reaffirmed its 2024 guidance ranging from $1.33 to $1.37. This represents a minimum 10% increase from the previous year. The corporation also maintained its long-term growth projection of at least 9% annually through 2028. This forecast is supported by a $62 billion capital investment plan aimed at enhancing the utility’s service reliability and safety measures.