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PG&E Corporation (PCG) in Focus: Stock Moves 7.5% Higher
PG&E Corporation (PCG - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $53.43 –$69.65 in the past one-month time frame, showed a sharp increase yesterday.
The company has not seen any estimate revisions in the past one month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
PG&E Corporation currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Investors interested in the Utility - Electric Power industry may consider ALLETE, Inc. (ALE - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is PCG going up? Or down? Predict to see what others think: Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>