PPL Corp.: A promising utility at an attractive price

Filed under: Industry, Stocks to Buy

PPL Corp.'s (PPL) stock has continued to meander, following the buy recommendation on May 26, 2009 at a price of $32.15, but I'm reiterating the rating. Here's why:

PPL's business model remains solid: steady, if unspectacular growth in its regulated Pennsylvania power market (1.4 million customers), coupled with stronger growth in unregulated (though more risky) power markets. PPL hopes the increased use of power supply contracts of varying duration will lessen those unregulated market risks.

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PPL Corp.: A promising utility at an attractive price originally appeared on BloggingStocks on Tue, 01 Dec 2009 17:30:00 EST. Please see our terms for use of feeds.

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