PPL Corporation: Initiation of Coverage – How It Is Capitalizing On Data Center Expansion and Transmission Opportunities!

PPL Corporation, a utilities company in the United States, reported its first-quarter financial results for 2024. The financial performance indicated an upward trend, with GAAP earnings of $0.42 per share and an adjusted ongoing operations earnings of $0.54 per share, which is an increase over the $0.48 per share from the previous year. This increment of 12.5% was supported by returns on capital investments and higher sales volumes, which were facilitated by relatively colder weather compared to last year. The company also projected confidence in achieving its 2024 earnings forecast range of $1.63 to $1.75 per share, with a midpoint of $1.69 per share.