PPL

AI Research

Rate case ruling expected → Pennsylvania decision by Q2 2026; $30B grid investment planned through 2030

PPL Corporation expects a ruling in its Pennsylvania rate case by the end of Q2 2026, with a planned $30 billion investment in utilities through 2030 supporting 10% growth in consolidated rate base. 2026 ongoing earnings guidance is $1.90-$1.98/share, targeting 7.2% growth, with an average analyst price target of $39.93. Evercore ISI raised its price target to $44 from $43 on March 5, reflecting confidence in the regulated utility growth strategy.