PG&E (PCG) Stock Still Seems Cheap After Wildfire Liability Warning

PG&E stock has delivered a 94.8% return over the past 5 years, yet its current valuation checks point to a mixed picture rather than a clear bargain or an obvious stretch. Over 5 years, PG&E has returned 94.8%, which puts extra focus on whether the current share price still reflects a reasonable long term risk and reward trade off. Recent headlines around wildfire liability reform and the company’s moves to manage its debt stack can both influence how investors assess future cash flows and...