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PPL Corp

PPL Corp

PPL
$35.85USD↓-1.46%-0.53 today

MARKET CAP

27.0B

P/E (TTM)

19.8x

FWD P/E

17.7x

DAY RANGE

$36 – $37

52W RANGE

$33
$40

AI Summary

Stalk
Sell NowMedium

PPL is in Stage 3 distribution with a series of lower highs and flattening EMAs under the 200 DMA, reflecting dominant selling pressure and choppy range action. Although a Bullish Pivot Point signaled a mean‐reversion attempt, price failed to follow through and remains capped by the flat 9 and 21 EMAs. Volume on down bars outpaces rallies, and relative strength underperformance persists. Given stable strategy principles, initiating a sell at current resistance levels is prudent, with next support coming at the 200 DMA.

  • ↑Q1 revenue $2.8B; GAAP EPS $0.60 (+7% YoY) and ongoing EPS $0.63 (+11% YoY)
  • ↑2026 capex $5.1B; $23B through 2029 funds 10.3% avg rate-base growth
  • ↓Weak profitability and growth factors risk margin erosion
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

PPL Corporation (NYSE: PPL) is a utility holding company that operates in Pennsylvania, Kentucky, and Rhode Island, focusing on delivering electricity and gas services across its subsidiaries. The company is involved in significant infrastructure improvements to enhance system reliability and increase capacity to meet growing energy demands, particularly from sectors such as data centers. The rise of digital consumption and the need for clean, reliable energy positions PPL strategically within the evolving energy landscape, particularly around the growing trend of data center developments.

Bull says

  • ↑Q1 revenue $2.8B; GAAP EPS $0.60 (+7% YoY) and ongoing EPS $0.63 (+11% YoY)
  • ↑2026 capex $5.1B; $23B through 2029 funds 10.3% avg rate-base growth
  • ↑Targets 4%–6% annual dividend growth; yield ~0.34%
  • ↑Analyst consensus is Strong Buy with 16.2% upside
  • ↑JV with Blackstone for high-capacity, clean energy solutions
  • ↑Low volatility risk and elevated institutional ownership support valuation

Bear says

  • ↓Weak profitability and growth factors risk margin erosion
  • ↓High leverage raises interest-cost sensitivity and debt risk
  • ↓Negative analyst revisions reflect downward growth expectations
  • ↓Heavy reliance on data-center demand concentrates revenue risk
  • ↓200% surge in energy supply costs challenges customer affordability
  • ↓Rate constraints and cost pressures may cap price increases

Investment themes with PPL

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-10-2026neutral

Transcript signals

Bull points

  • CPL's first quarter earnings from ongoing operations were 63 cents per share, an improvement of 3 cents per share compared to Q1 2025, primarily due to higher base rate recovery in Kentucky and higher transmission revenues from additional capital investments.
  • Our solid first quarter results keep us on track to achieve at least the midpoint of our 2026 earnings forecast, of $1.94 per share.
  • Following this transaction, we have now de-risked about two-thirds of the total equity needed to support our current capital expenditure plan.

Bear points

  • The improvement in Kentucky's results was partially offset by lower sales volumes due to less favorable weather than experienced in Q1 2025, higher operating costs, higher depreciation, and higher interest expense.
  • we only seek rate increases when it's absolutely necessary to maintain that safety and reliability.
  • We expect the final decision from the Pennsylvania PUC by the end of June with new rates effective July 1st.
Read full transcript analysis ›