PGE stock jumps on SP 500 inclusion, a little more than 2 years after emerging from bankruptcy Shares of PGE Corp. jumped 4.2% in premarket trading Monday, after the California-based utility was added to the SP 500 index , a little more than two years after emerging from bankruptcy. Late Friday, SP Dow Jones Indices said PGE would replace Citrix Systems Inc. in the benchmark index, as Citrix is being acquired by Vista Equity Partners in a deal expected to be completed on Sept. 30. PGE had filed for bankruptcy in early 2019 amid billions in claims from wildfires in California, then emerged from bankruptcy in July 2020. In June 2022, the company pleaded not guilty to manslaughter charges in a 2022 California wildfire. The stock has gained 3.9% year to date through Friday, while the SPDR Utilities Select Sector ETF has ticked up 0.3% and the SP 500 has dropped 22.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.