PGE Accused of Groundwater Contamination in Oregon Lawsuit
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 52 minutes ago0mins
- Contamination Allegations: Residents of Oregon have filed a lawsuit accusing Portland General Electric and its subsidiary of discharging hundreds of millions of gallons of high-nitrate wastewater annually, leading to groundwater pollution in the Lower Umatilla Basin, affecting thousands of residents' access to safe drinking water.
- Health Risks: The lawsuit highlights that nitrate pollution poses risks of cell damage, birth defects, and cancer, particularly threatening infants, forcing residents to rely on bottled water and increasing their living costs.
- Legal Action: The lawsuit seeks to compel the defendants to cease their polluting practices under the Resource Conservation and Recovery Act and demands damages, estimating that each private well user may need to spend around $40,000 to access clean water.
- Social Injustice: Attorneys argue that the contamination is not only an environmental issue but also a social injustice, emphasizing the need for remediation to protect residents' fundamental right to clean drinking water.
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Analyst Views on POR
Wall Street analysts forecast POR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for POR is 47.11 USD with a low forecast of 41.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
1 Buy
7 Hold
1 Sell
Hold
Current: 48.730
Low
41.00
Averages
47.11
High
52.00
Current: 48.730
Low
41.00
Averages
47.11
High
52.00
Ladenburg
Paul Fremont
Neutral -> Sell
downgrade
$40 -> $43
2025-12-04
New
Reason
Ladenburg
Paul Fremont
Price Target
$40 -> $43
2025-12-04
New
downgrade
Neutral -> Sell
Reason
Ladenburg analyst Paul Fremont downgraded Portland General Electric to Sell from Neutral with a price target of $43, up from $40. The firm cites opposition to Portland's holding company reorganization proposal for the downgrade.
UBS
Buy
to
Neutral
downgrade
$51
2025-11-19
Reason
UBS
Price Target
$51
2025-11-19
downgrade
Buy
to
Neutral
Reason
UBS downgraded Portland General Electric to Neutral from Buy with an unchanged price target of $51. The firm cites valuation for the downgrade with the shares up 20% in the last six months. The Oregon Public Utility Commission approval catalyst is seven months away in June 2026, the analyst tells investors in a research note. UBS believes its Buy thesis is now priced into the shares.
Mizuho
Neutral
maintain
$45 -> $47
2025-11-03
Reason
Mizuho
Price Target
$45 -> $47
2025-11-03
maintain
Neutral
Reason
Mizuho raised the firm's price target on Portland General Electric to $47 from $45 and keeps a Neutral rating on the shares following Q3 earnings.
Wells Fargo
Equal Weight
initiated
$45
2025-10-27
Reason
Wells Fargo
Price Target
$45
2025-10-27
initiated
Equal Weight
Reason
Wells Fargo initiated coverage of Portland General Electric with an Equal Weight rating and $45 price target. The firm launched coverage of the powers and utilities group with 19 Overweights and 14 Equal Weights. Wells prefers names where with growth prospects "actually driving earnings higher" or stocks that are trading at valuation levels "not necessarily reflecting fundamentals." Wells added Constellation (CEG) to its "Best Idea List" for power and Sempra (SRE) to its "Best Idea List" for utilities. Utilities are "materially undervalued" as a "perfect storm of tailwinds" is hitting the group that is much more structural in nature than cyclical, contends the firm.
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About POR
Portland General Electric Company is an integrated energy company that generates, transmits and distributes electricity. The Company is engaged in the generation, wholesale purchase and sale, transmission, distribution, and retail sale of electricity to customers in the state of Oregon (State). The Company participates in the wholesale market through the purchase and sale of electricity and natural gas in an effort to obtain reasonably-priced power to serve its retail customers. The Company meets its retail load requirement with both Company-owned generation and power purchased on the wholesale market. The Company has five natural gas-fired generating facilities: PW1, PW2, Beaver, Coyote Springs Unit 1 (Coyote Springs), and Carty Generating Station (Carty). It owns and operates two wind farms, Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River Wind Farm (Tucannon River). Biglow Canyon is located in Sherman County, Oregon. Tucannon River is located in southeastern Washington.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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