PPL Assesses FERC ROE Order, Reaffirms 2026 Outlook
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PPL ( (PPL) ) just unveiled an announcement.
On March 19, 2026, the Federal Energy Regulatory Commission issued Opinion No. 594, setting a new methodology for determining the return on equity for New England transmission owners under the ISO New England tariff and establishing a base ROE of 9.57% with a maximum, including incentives, of 12.09%, retroactive to October 16, 2014. The order, which requires refunds with interest for certain affected periods and impacts Rhode Island Energy, is being reviewed by PPL and its subsidiary in coordination with other New England transmission owners, but PPL does not expect a material effect on its operations or financial condition and reaffirmed its 2026 earnings guidance and longer-term earnings growth targets.
The most recent analyst rating on (PPL) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
Spark’s Take on PPL Stock
According to Spark, TipRanks’ AI Analyst, PPL is a Neutral.
The score is driven primarily by solid but not top-tier financial quality: improving earnings and revenue are offset by rising leverage and uneven cash flows. Technicals are supportive with the stock trading above major moving averages, while valuation is only moderate given the ~24 P/E and a ~2.85% dividend yield. The latest earnings call adds a positive catalyst via raised multi-year growth visibility and stronger capex/rate-base plans, partially tempered by financing and regulatory risks.
To see Spark’s full report on PPL stock, click here.
More about PPL
PPL Corporation is a U.S. energy company whose operations include Rhode Island Energy, a New England transmission owner participating in the ISO New England regional power market. Through its regulated utility subsidiaries, PPL focuses on electricity transmission and distribution, serving customers in key jurisdictions with an emphasis on stable, regulated returns.
Average Trading Volume: 8,877,739
Technical Sentiment Signal: Strong Buy
Current Market Cap: $27.72B
Find detailed analytics on PPL stock on TipRanks’ Stock Analysis page.
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