Portland GE (POR) AI Stock Analysis

• Market Cap: $5.56B
• Dividend Yield: 4.48%
• Average Volume (3M): 1.29M
• Price to Earnings (P/E): 17.9
• Beta (1Y): 0.05
• Revenue Growth: 7.53%
• EPS Growth: -17.59%
• Country: US
• Employees: 2,915
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 1.00
• Shares Outstanding: 112,488,950
• 10 Day Avg. Volume: 1,560,635
• 30 Day Avg. Volume: 1,287,781
• PEG Ratio: 0.50
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 1.32
• P/FCF Ratio: -9.25
• Enterprise Value/Market Cap: 1.75
• Enterprise Value/Revenue: 2.84
• Enterprise Value/Gross Profit: 6.40
• Enterprise Value/Ebitda: 8.73
• 1Y Price Target: $46.63
• Price Target Upside: -5.66% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $51.00 ▲(3.18% Upside)

Portland GE's overall stock score is driven by strong earnings call highlights and a bullish technical outlook. While financial performance shows stability, challenges in cash flow and high leverage require attention. The valuation is reasonable, offering a good dividend yield, but technical indicators suggest caution due to overbought conditions.

Positive Factors

Robust Load Growth

The significant increase in load, particularly from industrial customers, indicates strong demand and potential for sustained revenue growth, driven by sectors like data centers and high-tech industries.

Successful Tax Credit Monetization

Monetizing tax credits enhances financial flexibility and supports investment in renewable energy projects, aligning with strategic goals for sustainable growth and regulatory compliance.

Capital and Liquidity Position

Strong liquidity supports operational stability and provides the company with the ability to invest in infrastructure and manage unforeseen expenses, ensuring long-term resilience.

Negative Factors

Regulatory Challenges

Regulatory challenges can lead to increased costs and operational delays, impacting the company's ability to execute its strategic initiatives and potentially affecting profitability.

Potential Regulatory Lag

Regulatory lag can delay the realization of returns on investments, affecting cash flow and financial performance, and may hinder the company's ability to respond swiftly to market changes.

Wildfire Risk Management

Ongoing wildfire risk poses operational and financial threats, requiring significant resources for mitigation and compliance, potentially straining financial and managerial capacities.

Portland GE Business Overview & Revenue Model

Company Description

Portland General Electric Company (POR) is a publicly traded utility company based in Portland, Oregon, providing electricity to over 900,000 customers across the state. It operates in the electric utility sector, focusing on the generation, transmission, and distribution of electricity. The company is committed to sustainable energy practices and is involved in initiatives to increase the use of renewable energy sources, such as wind and solar power, while maintaining a reliable energy supply for its customers.

How the Company Makes Money

Portland General Electric generates revenue primarily through the sale of electricity to residential, commercial, and industrial customers. The company operates under a regulated utility model, which allows it to earn a return on investments in infrastructure and energy generation. Key revenue streams include residential and commercial electricity sales, as well as demand-side management programs aimed at energy efficiency. Additionally, POR may engage in power purchase agreements and renewable energy credits, further contributing to its earnings. Regulatory approvals and partnerships with renewable energy developers also play a significant role in shaping its revenue landscape.

Portland GE Financial Statement Overview

Summary

Portland GE shows stable financial performance with strong profitability margins and operational efficiency. However, challenges exist in revenue growth and cash flow management, alongside a high leverage ratio that requires careful monitoring.

Income Statement

Portland GE's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) data indicates a slight decline in revenue growth, with a negative growth rate of -1.46%. However, the company maintains a healthy gross profit margin of 44.31% and a net profit margin of 8.82%. EBIT and EBITDA margins are stable at 17.20% and 33.31%, respectively, indicating efficient operational management. Despite the revenue dip, profitability margins remain robust, suggesting resilience in core operations.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio is relatively high at 1.27, indicating significant leverage, which could pose risks if not managed properly. Return on equity stands at 7.85%, showing moderate profitability from shareholders' investments. The equity ratio is 30.35%, suggesting a balanced asset structure but with room for improvement in reducing debt levels.

Cash Flow

Cash flow analysis reveals challenges, particularly with free cash flow, which is negative in the TTM period. The free cash flow to net income ratio is -6.59, highlighting cash flow issues. Operating cash flow to net income ratio is 0.17, indicating limited cash generation from operations relative to net income. Despite these challenges, there is a significant free cash flow growth rate of 331.15%, suggesting potential improvement in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.44B	3.44B	2.92B	2.65B	2.40B	2.15B
Gross Profit	1.52B	1.59B	1.36B	1.31B	1.26B	1.14B
EBITDA	1.12B	1.02B	860.00M	828.00M	777.00M	718.00M
Net Income	303.00M	313.00M	228.00M	233.00M	244.00M	155.00M
Balance Sheet
Total Assets	13.01B	12.54B	11.21B	10.46B	9.49B	9.07B
Cash, Cash Equivalents and Short-Term Investments	137.00M	12.00M	5.00M	165.00M	52.00M	257.00M
Total Debt	5.02B	5.17B	4.46B	3.98B	3.60B	3.38B
Total Liabilities	9.06B	8.75B	7.89B	7.68B	6.79B	6.46B
Stockholders Equity	3.95B	3.79B	3.32B	2.78B	2.71B	2.61B
Cash Flow
Free Cash Flow	-151.00M	-490.00M	-938.00M	-92.00M	-104.00M	-217.00M
Operating Cash Flow	1.14B	778.00M	420.00M	674.00M	532.00M	567.00M
Investing Cash Flow	-1.31B	-1.30B	-1.36B	-758.00M	-656.00M	-787.00M
Financing Cash Flow	275.00M	526.00M	778.00M	197.00M	-81.00M	447.00M

Portland GE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 49.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For POR, the sentiment is Positive. The current price of 49.43 is above the 20-day moving average (MA) of 47.20, above the 50-day MA of 44.62, and above the 200-day MA of 42.13, indicating a bullish trend. The MACD of 1.57 indicates Negative momentum. The RSI at 71.75 is Negative, neither overbought nor oversold. The STOCH value of 83.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for POR.

Portland GE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POR	67 Neutral	$5.56B	17.93	7.99%	4.48%	7.53%	-17.59%
OGE	67 Neutral	$9.02B	17.95	10.69%	3.77%	18.03%	29.46%
PNW	67 Neutral	$10.58B	18.15	8.62%	4.07%	5.70%	-8.25%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
IDA	62 Neutral	$6.93B	22.02	9.41%	2.70%	-1.58%	8.49%
TXNM	60 Neutral	$6.30B	33.80	6.02%	2.82%	10.65%	-10.67%
ENIC	55 Neutral	$5.31B	76.88	1.30%	5.90%	-25.78%	-91.93%

Portland GE Corporate Events

Portland General Electric’s Earnings Call Highlights Robust Growth

Portland General Electric’s recent earnings call conveyed a positive sentiment, underscored by strong financial performance and impressive load growth, particularly in the industrial sector. The company’s successful tax credit monetization and solid capital and liquidity position further enhance its optimistic outlook. Despite facing regulatory challenges and ongoing wildfire risk management issues, the overall sentiment remains favorable, with highlights outweighing the lowlights.

Portland GE Reports Q3 2025 Financial Results

Portland General Electric announced its third-quarter 2025 financial results, reporting GAAP earnings of $0.94 per diluted share and non-GAAP earnings of $1.00 per diluted share, driven by increased demand from data center customers. The company reaffirmed its 2025 adjusted earnings guidance and highlighted its ongoing efforts in resource procurement and regulatory updates, including a significant revenue requirement increase for its Seaside Battery Energy Storage System.

The most recent analyst rating on (POR) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on Portland GE stock, see the POR Stock Forecast page.

Oregon Approves Cost Recovery for Portland GE Project

On October 21, 2025, the Public Utility Commission of Oregon approved Portland General Electric’s request to recover costs associated with the Seaside Battery Energy Storage System, a significant project that began serving customers in July 2025. The order includes a rate base increase of $220 million and an annual revenue requirement increase of $42 million, impacting customer prices from October 31, 2025. This decision, supported by a memorandum of understanding with key stakeholders, positions PGE to enhance its financial returns while integrating renewable energy storage solutions.

The most recent analyst rating on (POR) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on Portland GE stock, see the POR Stock Forecast page.

Portland GE Updates Bidder Shortlist for 2023 RFP

On October 1, 2025, Portland General Electric Company submitted a regulatory filing to the Public Utility Commission of Oregon to acknowledge an updated final shortlist of bidders for the 2023 All-Source Request for Proposal. This update follows the July 4, 2025 passage of House Resolution 1, which allowed bidders to refresh their pricing. The shortlist aims to meet PGE’s resource needs and support Oregon’s decarbonization goals, with projects expected to be in service by the end of 2027. The updated shortlist is part of PGE’s broader procurement strategy, which includes additional renewable energy and non-emitting capacity initiatives. However, the projects face risks such as regulatory processes, inflation, and supply chain constraints.

The most recent analyst rating on (POR) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Portland GE stock, see the POR Stock Forecast page.

Portland GE Director Dawn Farrell Resigns for New Role

On August 29, 2025, Dawn Farrell, a member of the Board of Directors of Portland General Electric, announced her resignation to take on a new role as CEO of the Major Projects Office under the Canadian government. Her resignation, effective October 1, 2025, marks the end of her tenure since 2022, during which she contributed significantly to the Finance and Operations Committee and the Nominating, Governance and Sustainability Committee.

The most recent analyst rating on (POR) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Portland GE stock, see the POR Stock Forecast page.