PCG Stock Slides As Traders Eye Debt, Support Levels

Key Takeaways

• Shares of Pacific Gas & Electric Co. have dropped from above $18 to $16.60, breaking a tight multi-week trading range.
• Intraday PCG action shows heavy midday selling, then slow afternoon stabilizing around $16.50–$16.70.
• PCG posts strong gross margins near 86%, but free cash flow is negative with heavy capital spending.
• A high debt load and low interest coverage keep risk elevated, even as earnings stay solid.
• Traders are watching whether PCG can hold recent support and rebuild momentum toward $18.