Report details 2023 performance results; company's commitment to deliver safe, reliable, affordable and sustainable energy to customers and long-term value for shareowners. ALLENTOWN, Pa.
PPL Corporation has underperformed the S&P 500 by 27.43% in the past year, but I am bullish on the stock in the long term. The company has a robust regulatory structure and diverse utility operations, which are competitive advantages. I recommend the stock to potential investors at its current price, with a price target of $40 and an upside potential of 45.45%.
ALLENTOWN, Pa. , April 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) subsidiary Rhode Island Energy (RIE) on Thursday (3/28) received unanimous approval from the Rhode Island Public Utilities Commission (RIPUC) for approximately $326 million in planned spending from April 1, 2024, to March 31, 2025, to improve the safety and reliability of Rhode Island's electric and gas networks.
The agreement includes installation of the Gridstream® Connect AMI network, Revelo® smart sensing meters, software, and support to enable grid modernization for improved reliability and efficiency ATLANTA , Feb. 26, 2024 /PRNewswire/ -- Landis+Gyr (SIX: LAND) and Rhode Island Energy have agreed to a contract to deploy and support advanced smart metering technology for 530,000 electric customers...
Cornett, a 25-year utility industry veteran, will succeed Dave Bonenberger March 4 ALLENTOWN, Pa. , Feb. 21, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced 25-year utility industry veteran Greg Cornett has been named president of Rhode Island Energy (RIE).
U.S. utility firm PPL beat fourth-quarter profit estimates on Friday, on the back of lower operating expenses and maintenance costs in its business units.
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