PPL (PPL) closed the latest trading day at $33.13, indicating a +1.38% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.92% for the day. On the other hand, the Dow registered a loss of 0.96%, and the technology-centric Nasdaq decreased by 1.6%.Shares of the energy and utility holding company have appreciated by 0.34% over the course of the past month, outperforming the Utilities sector's loss of 1.17% and lagging the S&P 500's gain of 2.68%.The investment ...

Core Insights - Kentucky is experiencing significant economic growth, particularly due to the rise of data centers, leading to increased demand for electricity [1] - Louisville Gas and Electric Company and Kentucky Utilities Company project a 30% to 45% increase in system load by 2032, despite energy efficiency measures reducing load by over 3.5% [2] - The Integrated Resource Plan (IRP) outlines the need for additional generation capacity to meet this unprecedented load growth while complying with environmental regulations [2][3] Group 1: Economic Growth and Load Forecast - The IRP indicates that the utilities expect a substantial increase in load driven by economic development and data centers [1] - The projected load increase of 30% to 45% by 2032 necessitates additional generation resources [2] Group 2: Resource Planning and Environmental Compliance - The IRP serves as a strategic planning document required every three years, providing a snapshot of future resource needs [1][4] - The utilities plan to build two new natural gas combined-cycle units and install significant battery storage and solar capacity to meet future demand and regulatory compliance [3] Group 3: Future Generation Plans - The proposed generation additions include 400 megawatts of battery storage in 2028, 500 megawatts of battery storage and solar in 2035, and environmental compliance upgrades at existing plants [3] - The IRP also includes an enhanced solar plan contingent on customer demand and competitive pricing [3] Group 4: Company Overview - Louisville Gas and Electric Company and Kentucky Utilities Company serve over 1.3 million customers and are recognized for their customer service [5]

ALLENTOWN, Pa., Oct. 11, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated third-quarter 2024 earnings results on Friday, Nov. 1. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly results and the company's general business outlook during a conference call with financial analysts that will begin at 11 a.m. Eastern Time. The call will be webcast live, in audio format, along with slides of the presentation. Interes ...

The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. PPL (PPL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. PPL is a member of our Utilities group, which includes 105 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Ra ...

PPL Corporation (PPL) is a diversified utility holding company. Its strategic investments to expand PPL's clean energy generation capacity and construction of new generation, transmission and distribution projects are likely to boost the company's performance. Given its growth opportunities, PPL makes for a solid investment option in the utility sector. Let's look at the factors that are driving the stock. Growth Projections & Surprise History of PPL The Zacks Consensus Estimate for 2024 and 2025 earnings p ...

PPL (PPL) closed the most recent trading day at $32.75, moving -0.94% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.44%, and the tech-heavy Nasdaq lost 0.04%. Prior to today's trading, shares of the energy and utility holding company had gained 2.64% over the past month. This has lagged the Utilities sector's gain of 4.73% and outpaced the S&P 500's gain of 1.25% in that time. The upcoming earnings release of PPL will ...

Investors might want to bet on PPL (PPL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earnings pi ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PPL (PPL) . PPL currently has an average brokerage recommendation (ABR) of ...

PPL (PPL) closed the latest trading day at $32.74, indicating a +0.52% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.7%, while the tech-heavy Nasdaq added 0.04%. The the stock of energy and utility holding company has risen by 2.65% in the past month, lagging the Utilities sector's gain of 4.22% and overreaching the S&P 500's gain of 1.95%. The investment community will be paying close attention to the earnings perfo ...

Core Viewpoint - PPL Corporation has secured up to $72 million in funding from the U.S. Department of Energy for its carbon emission capture project, which aims to accelerate the transition to a clean energy future and reduce emissions significantly [1][2]. Funding and Project Details - The first tranche of funding awarded to PPL is $4.9 million to initiate Phase 1 activities at the Cane Run generating station in Louisville, KY [1]. - The emission control system at Cane Run is designed to capture over 95% of carbon emissions from up to 20 MW of the plant's 691 MW capacity, equating to approximately 67,000 metric tons of CO2 annually [6][5]. Emission Reduction Goals - PPL aims to achieve a 70% reduction in carbon emissions by 2035 and an 80% reduction by 2040 from 2010 levels, with a long-term goal of becoming carbon neutral by 2050 [8][9]. - The pilot project is crucial for assessing the viability of utility-scale carbon capture technology on natural gas units, potentially leading to broader commercial adoption [7]. Research and Development Initiatives - PPL is involved in over 175 research and development projects in partnership with more than 30 industry and academic partners, focusing on low-carbon energy technologies [10]. - The government funding is expected to facilitate advancements in emission reduction technologies, making clean electricity more affordable [17]. Stock Performance and Financial Outlook - PPL's stock has outperformed its industry, with a 31% increase over the past year compared to the industry's 19.9% growth [10]. - The company anticipates its 2024 EPS to range from $1.63 to $1.75, reflecting a year-over-year growth of 7.5% [11]. - PPL has a current annual dividend of $1.03, with a dividend yield of 3.17%, which is higher than the S&P 500 composite's 1.59% [13]. Valuation - PPL is currently trading at a premium compared to its industry on a forward 12-month P/E basis [15].