The YouTuber suggests PG&E is a buy due to its potential for a valuation rerating. Despite past wildfire liabilities, the company is investing in infrastructure, and if it can prove a long-term recovery, its current low multiples (1.4x sales, 14.5x earnings) compared to peers (3x sales, 20x earnings) could lead to significant upside as investors regain confidence.
“If the company can prove that it is in a long-term recovery, the shares could do well on a rebound to those normal valuation multiples.”