Pacific Gas & Electric Co. (PCG) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, PCG scores 32 out of 100, earning a letter grade of E and the verdict "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are:

• Fundamental Cash Engine: 5 / 20. Per the RQD rating, ROIC is 4.2% and FCF yield is -8.66%. Per the market data, the operating margin is 19%, but net and gross margins are both 0%. The investor implication is that operating profitability is present while cash generation after capital needs is negative, so the business is currently consuming cash rather than returning it.
• Whale 13F Flow: 8 / 20. Per the RQD rating, this pillar reflects institutional accumulation and options positioning. No holder-level detail is available in the source data, so the investor cannot verify the direction or size of institutional positioning beyond this score.
• Insider Conviction: 6 / 20. Per the RQD rating, this pillar reflects SEC Form 4 and Congressional PTR cluster flow. The underlying transactions are not itemized in the source data.
• Macro Regime Fit: 3 / 20. Per the RQD rating, beta is 0.66 and the pillar reflects sector sensitivity. A beta below 1 suggests lower price sensitivity to broad market moves, but this pillar scored low, indicating weak alignment with the current macro regime per the rating's methodology.
• Forensic Balance Sheet: 10 / 20. Per the RQD rating, the Altman Z-Score is 0.59, the Piotroski F-Score is 5/9, and the Debt/Equity ratio is 1.76. These figures place balance sheet risk at the center of the rating's negative assessment.

Taken together, the pillar scores indicate that the valuation discount (EV/EBITDA of 6.2 and a 3.4% dividend yield) is accompanied by weak cash generation, elevated leverage, and distress-range forensic metrics. A prospective investor should treat the dividend yield and low multiple as potential upside drivers only if cash flow and balance sheet conditions improve, which the source data does not show.

Per the SEC financials, revenue was broadly flat across the three periods, while operating income rose from $2671.0M in FY 2023 to $4749.0M in FY 2025. Reported net income is $0.0M in every period and EPS is N/A, so profitability at the bottom line cannot be assessed from the source data. Free cash flow was negative in FY 2024 and FY 2025 and debt rose from $53569.0M to $57387.0M over that span. Per the RQD rating, ROIC is 4.2% and the Altman Z-Score is 0.59, the Piotroski F-Score is 5/9, and the Debt/Equity ratio is 1.76, which together describe a leveraged balance sheet with distress-range forensic readings.

• What is the scale and timing of the wildfire-related liabilities referenced in the risk-flagged news, and how are they reflected in reported debt and cash?
• Why is net income reported as $0.0M in every period, and what is the reconciliation between operating income and net income?
• What drives the negative free cash flow in FY 2024 and FY 2025, and what are capital expenditure requirements going forward?
• What is the outcome or status of the strategic overhaul described in the news feed, and how would it affect the debt load?
• What are the institutional and insider positioning details behind the 13F and Form 4 pillar scores, which are not itemized in the source data?