Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.53 | +0.15 | +0.20 | +0.20 | +0.20 | +0.25 | +0.25 | +0.30 | +0.30 | +0.30 | +0.30 | +0.30 |
Utilities sentiment is neutral this month despite PG&E's bankruptcy filing over $30 billion in wildfire liabilities, which weighed heavily on investor confidence. The sector's stability was supported by broad regulatory predictability and consistent demand, tempering fears of wider credit contagion. While wildfire-related risks remain concentrated in certain regions, the overall utilities landscape showed resilience, anchoring sector performance.
How this mood is scored ▾
PG&E Corp. filed for Chapter 11 bankruptcy due to over $30 billion in liabilities from wildfires linked to its equipment, threatening its role in California’s clean energy goals. The bankruptcy follows a collapse in market value, executive departures, and failed rescue attempts by major investors. Customers may face higher bills as the utility navigates a complex, multi-year restructuring.