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PPL ( (PPL) ) just unveiled an announcement.
PPL Corporation reported solid first-quarter 2026 results on May 8, 2026, posting GAAP earnings of $452 million, or $0.60 per share, up from $414 million, or $0.56 per share, a year earlier, and ongoing earnings of $0.63 per share versus $0.60 in 2025. The utility reaffirmed its 2026 ongoing EPS guidance of $1.90 to $1.98 and its 6% to 8% annual EPS growth target through at least 2029, supported by $5.1 billion of planned 2026 infrastructure investments and improved earnings visibility.
Regulatory progress in Pennsylvania, Kentucky and Rhode Island underpinned the outlook, including a proposed Pennsylvania base rate settlement with customer affordability measures and a two-year rate case moratorium, and approval of Rhode Island electric and gas infrastructure plans exceeding $330 million. PPL also highlighted expansion in Kentucky generation projects and a data center-focused joint venture with Blackstone Infrastructure in Pennsylvania, signaling a strategic push into supplying long-term power solutions for hyperscale customers while maintaining its core regulated utility profile.
The most recent analyst rating on (PPL) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
Spark’s Take on PPL Stock
According to Spark, TipRanks’ AI Analyst, PPL is a Neutral.
The score is driven primarily by solid but not top-tier financial quality: improving earnings and revenue are offset by rising leverage and uneven cash flows. Technicals are supportive with the stock trading above major moving averages, while valuation is only moderate given the ~24 P/E and a ~2.85% dividend yield. The latest earnings call adds a positive catalyst via raised multi-year growth visibility and stronger capex/rate-base plans, partially tempered by financing and regulatory risks.
To see Spark’s full report on PPL stock, click here.
More about PPL
PPL Corporation is a U.S.-based regulated utility holding company focused on electric and gas transmission and distribution, with major operations in Pennsylvania, Kentucky and Rhode Island. The company is investing heavily in grid modernization, new generation resources and infrastructure to support reliability, customer affordability and emerging demand from sectors such as data centers.
Average Trading Volume: 9,087,363
Technical Sentiment Signal: Buy
Current Market Cap: $27.66B
Learn more about PPL stock on TipRanks’ Stock Analysis page.