UBS downgraded California utility PG&E Corp from 'buy' to 'neutral' and lowered its price target from $19 to $14 due to increased risks that wildfire liability reform in California will not advance this year. The downgrade reflects concerns over delayed legislative action, reduced long-term earnings growth assumptions, and a $2 billion capital expenditure deferral. UBS also cut its 2028 EPS estimate and capital expenditure forecast, citing regulatory risks and tax-loss selling pressure. PG&E's investment appeal now hinges on wildfire reform timing, with lowered growth and spending weakening its valuation.
PG&E Corp's recent downgrade by UBS is contextually placed amid a broadly declining Utilities sector on Pluang. For readers following US utilities, here is Pluang's market snapshot as of Sep 24, 2026 01:02 WIB: of 22 priced Utilities-sector US stocks, 2 rose and 20 fell today. Notable movers include Entergy Corporation (ETR) at USD 99.63 with a -1.51% change and a typical hold time of 8 days, Brookfield Renewable (BEP) at USD 29.38 down 1.34%, and Dominion Energy Inc (D) at USD 61.60 down 1.33%, with Pluang order activity showing 0% Sell / 100% Buy and a typical hold time of 75 days.
Kirby McInerney LLP is investigating NVE Corporation for possible violations of federal securities laws after the company reported a 47% revenue decline and a 33.7% stock price drop following its Q2 fiscal 2027 results. The revenue fall was attribute...
Fort Technology received a notification from Nasdaq on October 13, 2026, stating it failed to meet the minimum bid price requirement of $1.00 per share over the past 30 days. The company has 180 days, until April 12, 2027, to restore its share price ...
The global mobile battery market, valued at $24.9 billion in 2025, is projected to grow to $45.95 billion by 2035, driven by rising smartphone adoption, 5G rollout, and demand for longer-lasting, fast-charging batteries. Lithium-ion batteries dominat...
SpaceX reported a strong Q3 with revenue up 161% year-over-year to $14.6 billion and a net profit of $4.4 billion, reversing last year's loss. Starlink, its satellite internet service, grew revenue by nearly 70% to $5.2 billion and added 1.6 million ...
MGM China reported record third-quarter revenue of HK$8.9 billion and adjusted EBITDA of HK$2.4 billion, driven by a 10% rise in daily visitors and a 5% increase in gaming revenue despite a slight market-wide dip due to the World Cup. The company's m...
