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PPL Settles Portion of Ongoing Multi-Year Equity Program

Story Highlights
  • In February 2025, PPL set up a $1.4 billion equity program using forward sale agreements.
  • On December 29, 2025, PPL settled part of these forwards, raising $400 million, with $1.0 billion remaining.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PPL Settles Portion of Ongoing Multi-Year Equity Program

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An update from PPL ( (PPL) ) is now available.

On February 14, 2025, PPL Corporation entered into an Equity Distribution Agreement and related master forward confirmations with a syndicate of major banks to facilitate the offering and sale of its common stock through forward sale agreements, totaling approximately 38.7 million shares or about $1.4 billion to be settled by August 11, 2027. On December 29, 2025, PPL physically settled a portion of these 2025 forward agreements scheduled for settlement on or before December 30, 2025 by delivering about 11.3 million shares of common stock, generating approximately $400 million in net proceeds, while approximately 27.4 million shares tied to roughly $1.0 billion in remaining forward commitments must still be settled by December 30, 2026 and August 11, 2027, respectively, underscoring an ongoing multi-year equity-raising program that will continue to affect PPL’s capital structure and shareholder base.

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.

PPL’s overall stock score is driven by a strong earnings call and strategic infrastructure investments, which are offset by technical weaknesses and cash flow challenges. The company’s valuation is moderate, with a high P/E ratio balanced by a decent dividend yield. Corporate events support financial flexibility but also highlight regulatory challenges.

To see Spark’s full report on PPL stock, click here.

More about PPL

PPL Corporation is a U.S.-based energy company whose core business is the ownership and operation of regulated electric utilities, providing electricity generation, transmission and distribution services to retail and wholesale customers in its service territories.

Average Trading Volume: 6,267,207

Technical Sentiment Signal: Strong Buy

Current Market Cap: $25.95B

See more data about PPL stock on TipRanks’ Stock Analysis page.

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