Reported 1 day ago
PG&E Corp's shares fell approximately 7% on Monday after the company announced plans to raise $2.4 billion through a stock offering, including $1.2 billion in common stock and $1.2 billion in mandatory convertible preferred stock. The funds are intended for general corporate purposes and its capital investment plan. Despite reporting a revenue increase, PG&E's stock is heading for its lowest closing price in a month.
Source: YAHOO