Shares of utility PG&E popped 37 percent in after hours trading Thursday, a sharp move upward for the stock, which has fallen more than 50 percent this week.
PG&E's stock has sunk amid concerns that its equipment could be partly responsible for the so-called Camp Fire raging in Northern California. There was no obvious cause for the rally as of 5:15 p.m. ET, though the Butte County Fire Department told CNBC that the cause of the conflagration is still under investigation.
PG&E declined to comment for this article.
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