Valued at a market cap of $42.6 billion, PG&E Corporation (PCG) engages in the sale and delivery of electricity and natural gas to customers. Based in Oakland, California, the company serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities.

Companies valued at $10 billion or more are generally labeled as “large-cap stocks”, and PG&E fits this criterion perfectly. PCG provides energy services to approximately 16 million people across a 70,000-square-mile area in Northern and Central California.

PCG stock declined 26.7% from its 52-week high of $21.72. PG&E stock has dipped 2.8% over the past three months, underperforming the broader Nasdaq Composite ($NASX), which gained 4% during the same period.

Longer term, PG&E’s stock is down 21.1% on a YTD basis, notably lagging behind NASX's marginal slip. Additionally, shares of PCG have dropped 12.6% over the past 52 weeks, compared to the NASX’s 12.3% increase over the same period.

The stock has been trading below its 200-day moving average since early January.

PG&E’s stock fell marginally following the release of its Q1 2025 earnings on Apr. 24. The company reported operating revenue of $6 billion, up 2.1% year-over-year, though it missed Wall Street expectations. Adjusted EPS came in at $0.33, down 10.8% from the prior year quarter and also below analyst estimates. Looking ahead to fiscal 2025, PG&E reaffirmed its guidance, expecting adjusted EPS to range between $1.48 and $1.52.

Moreover, compared to its rival, Dominion Energy, Inc. (D) has outperformed PCG stock. Dominion Energy stock has gained 6.6% over the past 52 weeks and has risen nearly 4% on a YTD basis.

While PG&E has underperformed over the past year, analysts remain moderately optimistic about its prospects. Among the 16 analysts covering the stock, there is a consensus rating of “Moderate Buy,” and it is currently trading below the mean price target of $21.10.