With a market cap of $21.1 billion, PPL Corporation (PPL) is an energy company that focuses on providing electricity and natural gas across the U.S. and the UK. Based in Allentown, Pennsylvania, it operates through its Kentucky Regulated and Pennsylvania Regulated segments, delivering electricity and natural gas in various states and generating electricity from power plants primarily in Kentucky.
Shares of the energy and utility holding company have significantly underperformed the broader market over the past 52 weeks. PPL has gained 10.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 24.8%. In 2024, PPL stock is up 6.2%, compared to SPX's 10% gains on a YTD basis.
