
Allentown, Pennsylvania-based PPL Corporation (PPL) operates as an energy company. It provides electricity and natural gas to over 3.6 million customers in the U.S. With a market cap of $23.9 billion, PPL operates through Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated segments.
Companies worth $10 billion or more are generally described as "large-cap stocks," PPL fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the utilities-regulated electric industry.