PG&E Corporation Forecast to 2030

Illustrative model

Explore assumptions. Compare outcomes.

Price baseline: Model recalculated: Editorial review:

Baseline price $17.53 Latest close used by the model
Base scenario $17.87 Model estimate for 2030
Price change +1.9% Baseline → base scenario · price only
Scenario range $17.73 $17.97 Lower → Upper scenario

Three scenarios, one starting point

Illustrative price paths based on historical returns.

The shaded area spans the lower and upper scenarios; it is not a confidence interval.

Lower scenario $17.73 Base scenario $17.87 Upper scenario $17.97 Baseline July 16, 2026

The Lower scenario still assumes gains versus the baseline price. Losses outside this range are possible.

What changes the outcome?

Model inputs used in the PG&E Corporation calculation, then separate market context that is not fed into the model.

Model inputs

Historical price returns (model input)

Weighted windows (3Y, 5Y, 10Y) of historical close-to-close price returns set the starting annual rate for PG&E Corporation. Dividends are not included.

Drawdown adjustment (model input)

Historical max drawdown near 94.7% scales the risk adjustment applied to the weighted rate before Lower/Base/Upper multipliers.

Category cap & decay (model input)

Annual rates are capped near 25% for this asset class and then decay slightly each projected year (mean reversion), so path CAGR can differ from the starting rate.

Context only

Market context (not a model input)

Earnings, margins, valuation, and sector news can move real prices—but they are not inputs to this price-return model.

View model assumptions →

Year-by-year forecast

Modeled prices by year. Percentages in parentheses are year-over-year price changes from the prior year (or from the baseline price for the first year)—not the scenario’s starting annualized rate. Price returns only; dividends are not included.

YearLower scenarioBase scenarioUpper scenario
2027 $17.58 (+0.3%) $17.62 (+0.5%) $17.65 (+0.7%)
2028 $17.64 (+0.3%) $17.71 (+0.5%) $17.76 (+0.6%)
2029 $17.68 (+0.3%) $17.79 (+0.5%) $17.87 (+0.6%)
2030 $17.73 (+0.3%) $17.87 (+0.4%) $17.97 (+0.6%)

Comparison to benchmark

Benchmark: S&P 500 (SPY) · SPDR S&P 500 ETF Trust forecast

Base-scenario CAGR · price only

Equivalent comparison unavailable — baseline dates differ (PG&E Corporation: 2026-07-16, SPDR S&P 500 ETF Trust: 2026-10-30; horizon end 2030-12-31 / 2030-12-31).

Historical max drawdown

Drawdown history windows differ: PG&E Corporation (2011-06-27 → 2026-07-16) vs SPDR S&P 500 ETF Trust (2011-06-27 → 2026-10-30).

PG&E Corporation-94.7%
SPDR S&P 500 ETF Trust-34.1%

Max drawdown is peak-to-trough depth in the listed history window—not a volatility measure.

Equivalent base-scenario path CAGR vs S&P 500 (SPY) is not shown; historical max drawdown is deeper than the benchmark; drawdown windows are not identical.

Scenario illustrations for educational use. Not financial advice, investment recommendations, or guarantees of future performance.