PPL vs. Xcel Energy: Which Utility Stock Offers More Upside?

Key Takeaways PPL and XEL are investing in infrastructure upgrades and expanding renewable energy portfolios. PPL sees rising data center demand, with 50 GW requested in Pennsylvania through 2034. XEL expects 8.9 GW data center demand by 2029 and plans $45B in investments through 2029.Utility service providers benefit from a number of positive factors, including increased electricity tariffs, accretive acquisitions, cost reductions and the deployment of energy-efficiency initiatives. The power business al ...