PCG, NIO and XPEV drop to fresh 52-week lows
PG&E (PCG), Nio (NIO) and Xpeng (XPEV) fell to fresh 52-week lows on Wednesday as investors weighed rising regulatory and financial risks, including wildfire-liability uncertainty for PG&E and analyst downgrades plus margin pressure for Nio and Xpeng.
PG&E Corp. (PCG), Nio Inc. (NIO) and Xpeng Inc. (XPEV) stocks fell to fresh 52-week lows on Wednesday as investors weighed rising regulatory and financial risks, with PG&E facing wildfire liability uncertainty while Nio and Xpeng grappled with analyst downgrades, margin pressure and cautious outloo…