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PPL Corporation: Long-Term Targets On Track, Shares Near Fair Value
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PPL Corporation: Long-Term Targets On Track, Shares Near Fair Value

Seeking Alpha·Mike Zaccardi, CFA, CMT·23 days ago
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Home Earnings Analysis Utilities  Summary PPL Corporation (PPL) maintains a Hold rating as shares trade near intrinsic value and historical valuation metrics. Q1 results were solid, with EPS and revenue beats, and management reaffirmed 6%-8% annual EPS growth through 2029. Data center-driven load growth and regulatory progress support PPL’s $23 billion capex plan, but risks include rate-case outcomes and financing costs. Technically, PPL remains in a bullish long-term uptrend, yet short-term downside is possible with RSI momentum weakening. halbergman/E+ via Getty Images It’s all about data centers these days, right? Companies directly and indirectly exposed to AI capital spending have benefitted from hyperscalers' intense capex plans. PPL Corporation ( PPL ) noted its data center services exposure earlier Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.…

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