Jefferies has initiated PPL Corp with a buy rating and set a $38 price target. The company's stock has been outperforming competitors on strong trading days. A partnership between URI and Rhode Island Energy, a PPL company, is set to propel research on renewable energy and sustainability. PPL has secured up to $70M for carbon capture R&D and has been awarded up to $72 million from the U.S. Department of Energy's Office of Clean Energy Demonstrations. Envestnet Asset Management Inc. has acquired 188,160 PPL shares. PPL continues to deliver robust growth, hitting a 52-week high at $32.64. The company recently appointed Dean A. Del Vecchio to a new Chief Technology and Innovation Officer role. Their 2023 Sustainability Report highlights the utility's future strategy, including a carbon capture project, which has received $72M US DOE funding. PPL Corp remains a resilient stock and is still seen as undervalued. However, critics believe the company's growth is slow but ensures a secure dividend. A SWOT analysis provides strategic insights into the company. Furthermore, PPL subsidiaries are to conduct a nuclear feasibility study with the DOE. Overall, these events paint a positive picture of PPL Corporation's performance and future outlook.
Ppl Corporation PPL News Analytics from Mon, 05 Feb 2024 08:00:00 GMT to Fri, 20 Sep 2024 21:08:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -3
