On September 2, PG&E Corp rose 7.46% in regular trading, trading at approximately $14.34 per share, with turnover of $8.49 billion. The stock staged a relief rally following consecutive sessions of steep losses driven by California wildfire litigation concerns.

PG&E had plunged nearly 20% on August 31 — its largest single-day drop in over six years — and fell more than 6% on August 29. The selloff was triggered by wildfire bill SB 492, which boosts survivor protections but fails to resolve utility financing and liability issues. BofA Securities downgraded PG&E to Neutral from Buy, slashing its price target to $13 from $24, while Mizuho also cut its rating to Neutral from Outperform with a target reduction to $16 from $21. The broader California utility sector saw a synchronized rebound, with Edison International rising 7.58% in the same session. Despite the bounce, the analyst consensus mean price target has dropped sharply to $21.27, reflecting persistent uncertainty around wildfire liability frameworks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)