Can PPL's Clean Energy Strategy Drive Growth & Grid Resilience?

PPL Corporation PPL is benefiting from its focus on renewable energy through increased grid reliability, access to new markets and enhanced customer satisfaction. PPL is expanding its presence in regions with ambitious renewable energy goals, like Rhode Island, where they are seeking to acquire the state's primary electric and gas utility. This aligns with PPL's clean energy strategy and provides opportunities to leverage its expertise in smart grid solutions.The company is investing in technologies and infrastructure to better manage and integrate renewable energy sources onto the grid. This includes advanced systems for handling fluctuations in solar and wind power, and upgrading transmission and distribution networks to accommodate more renewable energy.PPL offers programs like Solar Share, allowing customers to subscribe to local solar energy and receive credits on their bills. This program, along with other initiatives, demonstrates PPL's commitment to providing customers with cleaner energy options and can improve customer satisfaction and loyalty.The company’s renewable energy focus aligns with broader global sustainability goals and allows them to reduce their carbon footprint. This can attract environmentally conscious customers and investors, potentially opening up new avenues for growth and financing.PPL is also exploring opportunities in areas like carbon capture, small modular nuclear reactors, and long-duration energy storage, further diversifying its clean energy portfolio. The company plans to achieve its carbon emissions target of 70% by 2035 and of 80% by 2040, from its 2010 levels.Other Utilities' Focus on Renewable EnergySome other utility companies that are also focused on expanding their renewable operations have been discussed below:Dominion Energy’s D long-term objective is to add more battery storage, solar, hydro and wind (offshore as well as onshore) projects by 2036 and increase the renewable energy capacity by more than 15% per year, on average, over the next 15 years.NextEra Energy NEE expects to add 36.5-46.5 gigawatt (GW) of new renewables in the 2024-2027 period to the generation portfolio. As of the first quarter of 2025, it had nearly 3.2 GW of renewable projects in its existing backlog. The company’s renewables backlog is now nearly 28 GW.PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2025 and 2026 EPS indicates an increase of 7.69% and 8.06%, respectively. Image Source: Zacks Investment ResearchPPL Stock Trading at a PremiumPPL is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 18.93X compared with the industry average of 14.77X. Image Source: Zacks Investment ResearchPPL Stock Price PerformanceIn the past month, PPL’s shares have risen 4.9% against the industry’s 1.3% decline. Image Source: Zacks Investment ResearchPPL’s Zacks RankPPL currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PPL Corporation (PPL): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks