PG&E (PCG) is under Bankruptcy Protection - HOLD
The wisest option is to hold, but based on the below Fundamental analysis the idea is to go long.
PG&E (PCG) – The utility plans to raise $5.75 billion through public offerings of stock and equity units to help fund its emergency from Chapter 11 bankruptcy protection. That’s in addition to about $3.25 billion in private stock sales.
Utility giant PG&E Corp. is readying an $11-billion debt-financing package that may be sold to investors as soon as next week as the company prepares to exit bankruptcy, according to people with knowledge of the matter.
PG&E (PCG) – The utility plans to raise $5.75 billion through public offerings of stock and equity units to help fund its emergency from Chapter 11 bankruptcy protection. That’s in addition to about $3.25 billion in private stock sales.
Utility giant PG&E Corp. is readying an $11-billion debt-financing package that may be sold to investors as soon as next week as the company prepares to exit bankruptcy, according to people with knowledge of the matter.
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