PPL Corp

PPL remains in a Stage 4 decline, marked by clear lower highs and lower lows along with downward-sloping EMAs and volume skewed toward distribution. A recent bounce has extended price above the 9 and 20 EMAs without exhaustion, suggesting rallies remain capped. Given the Stable strategy focus on selling into structural resistance, we will defer execution until price approaches the overhead EMA and prior swing-high zone for optimal entry.

• ↑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