PPL Corporation Stock Soars 1.80% on Blackstone Venture

PPL Corporation's stock price surged to its highest level since May 2025 today, with an intraday gain of 1.80%.

The strategy of buying PPL shares after they reached a recent high and selling them one week later yielded a 4.84% return over the past five years. However, this was significantly underperformed the benchmark, which delivered a 58.03% return over the same period. The strategy had a maximum drawdown of 0.00%, a Sharpe ratio of 0.12, and a volatility of 16.43%.

PPL Corporation has recently announced a joint venture with Blackstone Infrastructure to develop and operate new gas-fired, combined-cycle generation plants. This strategic partnership is aimed at meeting the growing energy demands, which has positively impacted the company's stock momentum. The initiative underscores PPL's commitment to expanding its energy infrastructure and enhancing its operational capabilities.

PPL has been recognized as a strong momentum stock, classified as a Zacks Rank #2 (Buy) with a Momentum Style Score of A. This classification reflects the market's confidence in the company's growth prospects and its ability to deliver strong returns. Despite a significant drop in trading volume on July 17, 2025, the stock price still saw a rise of 1.28%, indicating robust investor interest and market optimism.