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PG&E Corporation (NYSE:PCG) is featured on the David Einhorn Stock Portfolio: Top 10 Stock Picks.
PG&E Corporation (NYSE:PCG) is a relatively recent addition to the 13F portfolio of Greenlight Capital. The fund first disclosed a stake in the company in the third quarter of 2025. This position comprised close to 6.4 million shares. Filings for the fourth quarter of 2025 show that the fund owned 7.8 million shares in the firm, up more than 21% compared to filings for the previous quarter. The firm engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cells, and photovoltaic sources.
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Elite investors like PG&E Corporation (NYSE:PCG) stock as the firm reported solid 2025 results with EPS of $1.50, up from $1.36 in 2024. For 2026, management recently tightened guidance to $1.64–$1.66, implying a 10% year-over-year growth rate—well above the utility sector average. The company is also executing a $73 billion capital investment plan for 2026–2030. Institutional analysts have argued that this plan supports sustained 9% annual earnings growth through 2028. A new 2026 theme for utility investors is the surge in power demand from AI data centers. PG&E’s service territory in Northern California, including Silicon Valley, is the epicenter of the AI boom.
While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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