PG&E stock has been on a wild (mostly down) ride amid bankruptcy, power shutoffs and wildfires.
The troubled utility’s stock dropped by about 80% over the past year and is now about the same price as a cheap burrito.
According to the experts, however, the stock “rallied” a bit on Tuesday after a bankruptcy judge appointed a mediator to help sort out which investors will control the company.
The $1.22 rally helped bring the stock from cup-of-coffee territory to cheap-burrito pricing.