Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

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<li>PG&amp;E Corporation reported core earnings per share of $0.43 for the first quarter of 2026, signaling a 10-cent increase from the same period in the prior year and positioning the company on track to meet its full-year guidance of $1.64 to $1.66 core EPS.</li>
<li>This guidance, reaffirmed for 2026 as well as for the 2027-2030 period, anticipates double-digit core earnings growth with an annual increase of over 9%.</li>
<li>The company's financial strategy remains consistent, projecting no new equity issuance needs through 2030, while continuing a capital plan valued at $73 billion over five years, targeting investments that support system reliability, growth, and affordability.</li>
</ul>


PG&amp;E Corporation reported core earnings per share of $0.43 for the first quarter of 2026, signaling a 10-cent increase from the same period in the prior year and positioning the company on track to meet its full-year guidance of $1.64 to $1.66 core EPS.
This guidance, reaffirmed for 2026 as well as for the 2027-2030 period, anticipates double-digit core earnings growth with an annual increase of over 9%.
The company's financial strategy remains consistent, projecting no new equity issuance needs through 2030, while continuing a capital plan valued at $73 billion over five years, targeting investments that support system reliability, growth, and affordability.


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