PPL Corporation clean energy strategy and earnings outlook: nuclear, hydropower, and grid investments

PPL Corporation is drawing attention for its regulated earnings growth and a clean energy strategy that includes advanced nuclear and pumped-storage hydropower. The company is collaborating with X-energy to evaluate small modular reactors and working on carbon-free generation to support rising electricity demand. Analysts expect EPS growth of around 7.7% in 2026 and 8.1% in 2027, with Morgan Stanley maintaining an Overweight rating and a $42 price target. PPL operates regulated utilities in Pennsylvania and Kentucky, including Louisville Gas and Electric and Kentucky Utilities. The company is investing in grid modernization and partnerships aimed at replacing aging fossil fuel assets. While execution will take years, the strategy is designed to reduce carbon intensity and maintain reliability. The stock trades near $37 on the NYSE with a market cap of $27 billion.