PPL Corporation stock gets a USD 71.5 million grid boost
AD HOC NEWS
PPL Corporation (PPL) reported a 4.2% increase in Q2 revenue and a 17.0% rise in operating income, alongside a significant federal grant potential for a Pennsylvania transmission project. Its subsidiary, PPL Electric Utilities, was selected for up to $71.5 million from the U.S. Department of Energy for the Montour Grid Resilience and Advanced Reconductoring Project. Despite the positive news, Jefferies lowered its price target for PPL stock, which is currently trading near its 52-week low.
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