PG&E stock up 2% on earnings beat, reaffirmed guidance

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PG&E Corporation exceeded analyst expectations in its first-quarter earnings, reporting adjusted EPS of $0.43 and revenue of $6.88 billion. The company’s shares rose by 2.37% in pre-market trading, driven by strong performance, progress in rate reductions, and reaffirmed full-year 2026 adjusted EPS guidance. PG&E also highlighted efforts in lowering residential electric rates, license renewal for Diablo Canyon Power Plant, and advancements in wildfire risk mitigation.

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