PG&E (PCG, $11.13) will issue upto $6 billion bonds
PG&E will issue as much as $6 billion of investment-grade bonds.
According to Bloomberg (citing a source), the utilities company’s first-mortgage bonds will be offered in up to six tranches. The largest slice will be from 30-year bonds, which may yield 2.625 percentage points above treasury securities, according to the source.
The bond offerings would go an $11 billion financing package to help the company emerge from bankruptcy proceedings.
On Monday, PG&E started marketing high-yield bonds and a term loan, which total $4.75 billion, according to Bloomberg.
PCG in Downtrend: its price expected to drop as it breaks its higher Bollinger Band on May 18, 2020
This price move signals that PCG may fall back below the higher band and head toward the middle band. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 25 of 39 cases where PCG's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 64%.
Current price $11.13 crossed the resistance line at $11.24 and is trading between $11.24 resistance and $10.88 resistance lines. Throughout the month of 05/13/20 - 06/15/20, the price experienced a -1% Downtrend. During the week of 06/08/20 - 06/15/20, the stock fell -13%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 11, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 50 of 96 cases where PCG's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 52%.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 19 of 50 cases where PCG's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 38%.
The price moved below its 50-day Moving Average, which indicates a reversal from an Uptrend to a Downtrend. In 16 of 35 cases where PCG's price crossed below its 50-day Moving Average, its price fell further within the subsequent month. The odds of a continued Downtrend are 46%.
Bullish Trend Analysis
The Stochastic Indicator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The 50-day Moving Average crossing above its 200-day Moving Average indicates a buy signal, due to the trend repositioning higher. In 2 of 3 cases where PCG's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 67%.
The Aroon Indicator entered an Uptrend today. In 101 of 226 similar cases where PCG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 45%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 61%. During the last month, the daily ratio of advancing to declining volumes was 1.16 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PCG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock worse than average.
The Tickeron SMR rating for this company is 99 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 80 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.06) is normal, around the industry mean (1.95). P/E Ratio (0.00) is within average values for comparable stocks, (26.85). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (4.46). PCG has a moderately low Dividend Yield (0.00) as compared to the industry average of (3.02). PCG's P/S Ratio (0.33) is slightly lower than the industry average of (1.98).
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. PCG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
PCG's RSI Indicator climbs out of oversold territory
The RSI Oscillator for PCG moved out of oversold territory on December 19, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 24, 2024. You may want to consider a long position or call options on PCG as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PCG advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
PCG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 267 cases where PCG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for PCG turned negative on December 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
PCG moved below its 50-day moving average on December 05, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for PCG crossed bearishly below the 50-day moving average on December 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PCG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PCG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.727) is normal, around the industry mean (1.714). P/E Ratio (15.771) is within average values for comparable stocks, (23.466). PCG's Projected Growth (PEG Ratio) (1.119) is slightly lower than the industry average of (2.620). Dividend Yield (0.001) settles around the average of (0.074) among similar stocks. P/S Ratio (1.449) is also within normal values, averaging (3.109).
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General Information
a provider of electric energy services and transports natural gas
Industry ElectricUtilities