PG&E (PCG) Wins NRC Approval for 20-Year Diablo Canyon License Renewal

5 days ago 7

Jeff Lewis

Wed, April 15, 2026 astatine 8:49 AM CDT 1 min read

PG&E Corporation (NYSE:PCG) is 1 of the

10 Best AI Pick-and-Shovel Stocks to Buy. On April 2, 2026, PG&E Corporation (NYSE:PCG) received support from the national Nuclear Regulatory Commission for a 20-year licence renewal for the Diablo Canyon Power Plant. The NRC said the installation is harmless and environmentally dependable to run for different 20 years, though extending operations beyond 2030 would necessitate enactment from the California Legislature, pursuing a three-year reappraisal process that besides progressive aggregate authorities and determination agencies.

On March 22, 2026, Jefferies expert Julien Dumoulin-Smith downgraded PG&E Corporation (NYSE:PCG) to Hold from Buy with a $19 terms target, down from $20, citing reduced assurance successful wildfire liability betterment successful California. Julien Dumoulin-Smith said stakeholder discussions bespeak utilities and insurers are not aligned, and governmental enactment for structural changes remains uncertain.

PG&E (PCG) Wins NRC Approval for 20-Year Diablo Canyon License Renewal

Photo from Patterson-UTI website

Meanwhile, JPMorgan raised its terms people connected PG&E Corporation (NYSE:PCG) to $24 from $21 antecedently and maintained an Overweight standing connected the shares aft updating its models for the North America utilities group.

PG&E Corporation (NYSE:PCG) provides energy and earthy state services successful California.

While we admit the imaginable of PCG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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