Portland GE (POR) AI Stock Analysis

• Market Cap: $4.65B
• Dividend Yield: 4.76%
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 15.6
• Beta (1Y): 0.18
• Revenue Growth: 9.78%
• EPS Growth: -6.19%
• Country: US
• Employees: 2,915
• Sector: Utilities
• Sector Strength: 62
• Industry: Regulated Electric
• EPS (TTM): 0.66
• Shares Outstanding: 109,562,370
• 10 Day Avg. Volume: 1,084,999
• 30 Day Avg. Volume: 1,109,200
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.03
• Enterprise Value/Revenue: 2.70
• Enterprise Value/Gross Profit: 6.33
• Enterprise Value/Ebitda: 8.59
• 1Y Price Target: $44.20
• Price Target Upside: 3.83% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: $47.00 ▲(10.41% Upside)

Portland GE's overall stock score is driven by strong technical indicators and positive corporate events, which are offset by financial challenges related to leverage and cash flow. The balanced sentiment from the earnings call and reasonable valuation further support the stock's potential, making it a moderately attractive investment.

Positive Factors

Industrial Demand Growth

The significant increase in industrial demand, especially from data centers, indicates a strong growth trajectory in a high-consumption sector, supporting long-term revenue stability.

Regulatory Achievements

These legislative achievements provide regulatory clarity and flexibility, enhancing the company's ability to manage pricing and growth, supporting a stable operational environment.

Renewable Energy Progress

By aligning with federal incentives, the company can reduce costs and meet clean energy goals, which strengthens its competitive position in the sustainable energy market.

Negative Factors

High Leverage

High leverage can increase financial risk, especially if interest rates rise, potentially impacting the company's ability to invest in growth and maintain financial stability.

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity issues, limiting the company's ability to fund operations and investments without external financing.

Residential Load Decrease

A decline in residential load suggests challenges in maintaining demand in this segment, which could impact revenue stability if not addressed.

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 strong revenue growth and stable profitability, but faces challenges with high leverage and negative free cash flow. While the income statement reflects a healthy business model, the balance sheet and cash flow statements highlight potential risks related to debt levels and liquidity.

Income Statement

Portland GE has demonstrated consistent revenue growth, with a TTM growth rate of 1.43%. The company maintains healthy gross and EBIT margins, though there is a slight decline in gross profit margin over time. Net profit margin remains stable, indicating effective cost management. However, the decrease in gross profit margin from previous years suggests potential cost pressures.

Balance Sheet

The company's debt-to-equity ratio is relatively high at 1.31, indicating significant leverage, which could pose risks if interest rates rise. Return on equity is moderate at 7.78%, reflecting decent profitability. The equity ratio is stable, suggesting a balanced asset structure, but the high leverage remains a concern.

Cash Flow

Portland GE's cash flow situation is challenging, with negative free cash flow and a high free cash flow to net income ratio of -1.99 in the TTM. Operating cash flow is positive but has decreased significantly from previous periods, impacting the company's ability to fund operations internally. The negative free cash flow growth indicates potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.49B	3.44B	2.92B	2.65B	2.40B	2.15B
Gross Profit	1.49B	1.59B	1.36B	1.66B	1.57B	1.44B
EBITDA	1.10B	1.06B	904.00M	845.00M	808.00M	745.00M
Net Income	294.00M	313.00M	228.00M	233.00M	244.00M	155.00M
Balance Sheet
Total Assets	12.68B	12.54B	11.21B	10.46B	9.49B	9.07B
Cash, Cash Equivalents and Short-Term Investments	56.00M	12.00M	5.00M	165.00M	52.00M	257.00M
Total Debt	5.03B	5.14B	4.44B	3.98B	3.60B	3.38B
Total Liabilities	8.83B	8.75B	7.89B	7.68B	6.79B	6.46B
Stockholders Equity	3.85B	3.79B	3.32B	2.78B	2.71B	2.61B
Cash Flow
Free Cash Flow	-827.00M	-490.00M	-938.00M	-92.00M	-104.00M	-217.00M
Operating Cash Flow	414.00M	778.00M	420.00M	674.00M	532.00M	567.00M
Investing Cash Flow	-1.27B	-1.30B	-1.36B	-758.00M	-656.00M	-787.00M
Financing Cash Flow	336.00M	526.00M	778.00M	197.00M	-81.00M	447.00M

Portland GE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 42.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 42.57 is above the 20-day moving average (MA) of 42.52, above the 50-day MA of 41.80, and above the 200-day MA of 41.99, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 52.91 is Neutral, neither overbought nor oversold. The STOCH value of 45.66 is Neutral, 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	74 Outperform	$4.65B	15.59	8.02%	4.76%	9.78%	-6.19%
IDA	69 Neutral	$6.79B	22.10	9.31%	2.74%	-0.48%	6.40%
TXNM	69 Neutral	$6.00B	29.33	6.36%	2.83%	10.23%	114.67%
OGE	67 Neutral	$8.90B	18.05	10.76%	3.81%	16.01%	19.05%
Sector *	66 Neutral	$17.51B	18.09	5.60%	3.63%	6.62%	11.55%
PNW	65 Neutral	$10.55B	18.05	8.90%	4.06%	7.47%	-8.53%
ENIC	61 Neutral	$5.23B	36.24	2.89%	5.94%	-19.56%	-83.31%

Portland GE Corporate Events

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.

Portland GE Files New Shelf Registration Statement

On July 25, 2025, Portland General Electric Company filed a new automatic shelf registration statement with the SEC, replacing the previous one from August 2022. This filing included a prospectus supplement for the offering of over 2.4 million shares under its Dividend Reinvestment and Direct Stock Purchase Plan, and an amendment to its equity distribution agreement, allowing for the sale of unsold shares under its at-the-market offering program.

Portland GE Seeks Approval for Cost Recovery Initiatives

Portland General Electric reported a net income of $62 million for the second quarter of 2025, reflecting significant demand growth from data center customers and a 16.5% increase in industrial load. The company is advancing its Seaside battery recovery, distribution system investments, and corporate restructuring to improve financial flexibility and support infrastructure development. PGE is also seeking regulatory approval for cost recovery related to its Distribution System Plan and Seaside Battery Energy Storage System, with proposed rate increases to support these initiatives. The company reaffirmed its 2025 earnings guidance and is working on finalizing contracts under the One Big Beautiful Bill to leverage federal tax credits and maintain low customer prices.

Portland GE Updates 2023 Clean Energy Plan

On June 18, 2025, Portland General Electric Company submitted a regulatory filing to the Public Utility Commission of Oregon to update its 2023 Clean Energy Plan and Integrated Resource Plan. The update includes a new Preferred Portfolio and adjusts the renewable energy capacity needs, increasing the range to 3,500 to 4,500 MW. This update aims to further conversations with stakeholders and continue progress towards emissions targets while maintaining service reliability and cost-effectiveness.

Portland GE Appoints Renée James as New Director

On June 11, 2025, Portland General Electric Company appointed Renée James as a director, effective immediately, until the next annual shareholder meeting. Ms. James, founder and CEO of Ampere Computing, will join the Compensation, Culture and Talent Committee and the Finance and Operations Committee. Her appointment is not based on any prior arrangements or transactions with the company. She will be compensated according to the company’s standard policies for non-employee directors, and an indemnification agreement will be established.

Portland GE Seeks Approval for Seaside Battery Costs

On May 30, 2025, Portland General Electric Company (PGE) filed a request with the Public Utility Commission of Oregon to recover the revenue requirement for its Seaside Battery Energy Storage System, a 200 MW facility expected to be operational by August 21, 2025. The filing seeks an annualized revenue requirement increase of $47 million, with a rate base increase of $257 million, and aims to include the Seaside tracker in customer prices by October 31, 2025, under a new expedited cost-recovery option. The outcome of the regulatory process remains uncertain.