The PG&E stock has shed 50% of its value in the last one year as investors feared the worst after it filed for bankruptcy amid wildfire claims. The stock market's volatility during the pandemic, however, has been good for the stock. It has clawed back 45.6% of its price after reaching a nadir of $7.63 on March 30. The reason for investor enthusiasm is the prospect of bankruptcy exit by June 30. The company will probably issue more debt to raise money for wildfire claims. Conservative estimates put that figure at $9 billion. As the link above shows, analysts have also upgraded the stock's rating and set a new price target: $15. As of this writing, the stock is at $11.55.
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