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Analyst On PG&E Stakeholders: 'Someone Needs To Compromise'
Tuesday, November 5, 2019 - 1:55pm | 429Read More...California Gov. Gavin Newsom on Nov. 1 stated if utility company PG&E Corporation (NYSE: PCG) is unable to "secure its own fate and future," then the state will "do the job for them" in the wake of wildfires. What Happened PG&E has until June 2020 to resolve its...
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Analyst: Wildfires Raise Chance Of PG&E Shares Falling To Zero
Friday, October 25, 2019 - 10:36am | 594Read More...PG&E Corporation (NYSE: PCG) is once again in the spotlight after the Kincade Fire in Sonoma County, California ignited Wednesday. It is estimated to have burned through 16,000 acres. What Happened A PG&E power transmission tower broke near the origin point of the fire...
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It's Time to Enter The Vivint Solar Story, Citi Says In Upgrade
Tuesday, May 7, 2019 - 1:30pm | 457Read More...Full-service residential solar provider Vivint Solar Inc (NYSE: VSLR)'s shares are now investable, according to Citigroup. The Analyst Praful Mehta upgraded Vivint from Neutral to Buy and doubled the price target from $4.25 to $8.50. The Thesis Larger players like Vivint are...
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Citi Upgrades PG&E, Raises Price Target By 200%
Tuesday, February 19, 2019 - 1:05pm | 405Read More...PG&E Corporation (NYSE: PCG) has been on a huge run since the company officially filed for bankruptcy in late January, and one Wall Street analyst said Tuesday that there’s plenty more upside remaining for PG&E stock. The Analyst Citi analyst Praful Mehta has upgraded PG&E stock...
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PG&E Investors Breathe Sigh Of Relief
Thursday, January 24, 2019 - 4:38pm | 540Read More...Well, at least one overhang has been removed for PG&E Corporation (NYSE: PCG). The California Department of Forestry and Fire Protection said Thursday afternoon the October 2017 Tubbs fire was caused by a private electrical system. The department said investigators didn't identify any...
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Good News From California Public Utility Commission Sends PG&E Stock Skyrocketing
Friday, November 16, 2018 - 11:27am | 824Read More...The extreme volatility in PG&E Corporation (NYSE: PCG) stock continued Friday after encouraging commentary from the California Public Utility Commission and an unlikely upgrade sent the stock skyrocketing more than 45 percent. What’s At Stake For traders who haven’t been following...
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PG&E Drops Another 25% After $3B Wildfire Drawdown
Wednesday, November 14, 2018 - 1:37pm | 585Read More...PG&E Corporation (NYSE: PCG) stock is in free-fall, dropping as much as 30 percent Wednesday after the company said it experienced an “electric incident” prior to the beginning of the Camp Fire in California and told investors its insurance would not be able to cover its...
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How Renewable Energy Stocks Would Fare Under A Trump Administration
Monday, November 7, 2016 - 6:16pm | 732Read More...Citi expects 10 percent upside in shares of independent power producers (IPPs) if Donald Trump wins the presidential election. This implies a Trump presidency would be a negative for renewable energy stocks, at least in the near term. A Trump Presidency Tina Fordham, Citi's political strategist...
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Citi On Consolidated Edison: 'Solid Story Though Well Understood'
Friday, August 12, 2016 - 8:41am | 283Read More...Although Consolidated Edison, Inc. (NYSE: ED) is a “simple, regulated story,” backed by a strong management team, Citi’s Praful Mehta said in a report. He initiated coverage of the company with a Neutral rating and a price target of $76. Regulated Story The valuation of...
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Selloff In Dynegy Shares Overdone; Citi Upgrades To Buy
Wednesday, June 29, 2016 - 7:48am | 194Read More...Shares of Dynegy Inc. (NYSE: DYN) have lost 12 percent in the past one month. Citi’s Praful Mehta upgraded the rating for the company from Neutral to Buy, while reducing the price target from $21 to $19. The analyst commented that the pressure on shares, following the ECP buyout and Brexit...
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Citi Downgrades Exelon To Sell
Tuesday, February 23, 2016 - 10:41am | 181Read More...Citi’s Praful Mehta downgraded the rating for Exelon Corporation (NYSE: EXC) to Sell, while reducing the price target from $28 to $27. Analyst Praful Mehta mentioned that although Exelon’s deal with Pepco Holdings, Inc. (NYSE: POM) is earnings accretive, it is value destructive. The...
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Citi: Sell NRG On Lower Coal Fleet Valuation
Tuesday, December 1, 2015 - 12:32pm | 282Read More...Shares of NRG Energy Inc (NYSE: NRG) have been treading a southward path in 2015 and are down 54 percent year-to-date. Citi’s Praful Mehta initiated coverage of the company with a Sell rating and a price target of $11. The company faces several challenges but its ability to...
