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PG&E shares fall after launching $2.4 billion equity capital raise

By Yahoo! Finance   |   1 year ago
PG&E shares fall after launching $2.4 billion equity capital raise

PG&E Corp's shares dropped 7% as the company announced a $2.4 billion stock offering. The funds will be used for general corporate purposes and its capital investment plan. The company's revenue rose to $5.9 billion, but its stock price hit a one-month low.

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