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PG&E is set to report Q3 2026 results on October 22, with projected sales of $6.59 billion (up 5.4% YoY) but earnings expected to decline 16% to 42 cents per share. Growing electricity demand from EV adoption, data centers, and building electrification should support growth, while lower operating expenses may help offset earnings pressure. The company's negative Earnings ESP (-1.21%) and Zacks Rank #4 suggest limited likelihood of an earnings beat.

Peter Thiel, known for successful tech investments including Facebook and PayPal, is now shifting his hedge fund portfolio toward power and energy stocks, betting on a projected 60% increase in electricity demand between 2025-2045 driven by AI and electric vehicles. However, the article cautions that investors should conduct their own research rather than blindly following famous investors, as even successful ones make mistakes.