
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 United States. With a market cap of $23.3 billion, PPL operates through Kentucky Regulated, Pennsylvania Regulated, Rhode Island Regulated, and Corporate & Other 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 regulated electric space.