US offshore wind farm projects slow as Trump opposition adds to hurdles
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Offshore Wind Industry Challenges: The U.S. offshore wind industry is facing significant setbacks due to rising construction costs, higher interest rates, and opposition from the Trump administration, leading to billions in write-offs and project cancellations.
Project Delays and Legal Issues: Several ongoing projects are at risk of delays and legal challenges, particularly concerning environmental assessments, with contract execution dates being pushed back in states like Massachusetts and Rhode Island amid federal policy uncertainties.
Analyst Views on PPL
Wall Street analysts forecast PPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PPL is 40.58 USD with a low forecast of 36.00 USD and a high forecast of 45.00 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.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 36.630
Low
36.00
Averages
40.58
High
45.00
Current: 36.630
Low
36.00
Averages
40.58
High
45.00
About PPL
PPL Corporation is an energy company. The Company is focused on providing electricity and natural gas in the United States. The Company operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The Kentucky Regulated segment consists primarily of the regulated electricity generation, transmission and distribution operations conducted by Louisville Gas & Electric Company (LG&E) and Kentucky Utilities Company (KU), as well as LG&E's regulated distribution and sale of natural gas. LG&E and KU are engaged in the regulated generation, transmission, distribution and sale of electricity in Kentucky and, in KU's case, also Virginia. The Pennsylvania Regulated segment includes the regulated electricity transmission and distribution operations of PPL Electric. The Rhode Island Regulated segment includes the regulated electricity transmission and distribution operations and regulated distribution and sale of natural gas conducted by RIE.
About the author
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.
