PG&E Corporation

PG&E Corporation (NYSE:PCG) is one of America’s largest electricity utilities through a huge network of more than 100,000 miles of transmission and distribution lines. The firm also provides natural gas.

PG&E Corporation (NYSE:PCG) has partnered up with Tesla, Inc. (NASDAQ:TSLA) to create a ‘virtual power plant’ that will enable PG&E Corporation (NYSE:PCG)’s customers with Tesla’s batteries to pool their resources together to create a distributed battery.

46 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey of 920 hedge funds had invested in PG&E Corporation (NYSE:PCG).

PG&E Corporation (NYSE:PCG)’s largest investor is Dan Loeb’s Third Point which owns 63 million shares that are worth $792 million.