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PCG

PG&E Corp

NYSE: PCG · UTILITIES · UTILITIES - REGULATED ELECTRIC

$16.62
+1.53% today

Updated 2026-04-30

Market cap
$36.05B
P/E ratio
12.69
P/S ratio
1.40x
EPS (TTM)
$1.29
Dividend yield
0.92%
52W range
$13 – $19
Volume
22.7M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

PG&E Corp (PCG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$16.62
Consensus
$21,720.00
+130585.92%
2030 Target
$165.26
+894.34%
DCF
$17.09
-0.06% MoS
9 analysts:
6 Buy3 Hold0 Sell

Management guidance

PG&E management has not provided explicit multi-year revenue targets beyond 2026. However, the company raised 2026 core EPS guidance to $1.64-$1.66 (from prior $1.62-$1.68), indicating confidence in operational execution. The company focuses on regulated rate base growth through infrastructure investment and grid modernization rather than aggressive top-line expansion.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$275.44
$30.3B Rev × 20x P/S
Base case (2030)
$165.26
$30.3B Rev × 12x P/S
Bear case (2030)
$110.17
$30.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$24.4B$24.4B$24.9B$26.7B$27.6B$28.5B$29.4B$30.3B
Revenue growth—-0.0%2.1%7.1%3.5%3.2%3.0%2.9%
EPS$1.23$1.36$1.50$1.65$1.82$1.95$2.08$2.21
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$145.71$151.04$156.38$159.93$165.26

Catalysts & risks

Growth catalysts
+ Diablo Canyon 20-year NRC license renewal approved (April 2026) — ensures stable baseload generation and regulatory clarity through 2044-2045
+ Grid modernization and data center load growth from California electrification — CEO noted data centers enabled 11% rate cuts since 2024
+ Wildfire risk management partnership with Lockheed Martin and technology investments (XPRIZE, Itron collaboration) — reduces future liability exposure
+ California regulatory environment supporting rate base growth and infrastructure investment in transmission/distribution
Key risks
- Wildfire liability reform uncertainty — Jefferies downgraded to Hold citing dimming prospects for liability legislation, which constrains financial flexibility
- Regulatory rate case outcomes — PG&E's ability to recover capex depends on California Public Utilities Commission decisions
- Execution risk on grid modernization and electrification timelines
- Interest rate sensitivity — high leverage (1.88x debt/equity) increases financing costs in rising rate environment

Methodology

PG&E Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.