PPL Corporation Trading Volume Drops 53.38% to 2.37 Billion, Ranks 441st Despite Stock Price Rise

On July 17, 2025, PPL Corporation's trading volume reached 2.37 billion, a significant decrease of 53.38% compared to the previous day, ranking 441st in the daily market. Despite the decline in trading volume, PPL's stock price rose by 1.28%.

PPL Corporation and Blackstone Infrastructure have formed a joint venture to build, own, and operate new gas-fired, combined-cycle generation facilities. This strategic partnership aims to meet the surging energy demand driven by the growth of data centers and artificial intelligence. The joint venture, with PPL owning 51% and Blackstone Infrastructure owning the remaining 49%, will focus on constructing natural gas power plants to ensure a stable energy supply and avoid potential electricity shortfalls.

The joint venture was officially announced on July 15, 2025, at Carnegie Mellon University in Pittsburgh during the Pennsylvania Energy and Innovation Summit. This collaboration is part of Blackstone's broader investment strategy in Pennsylvania, which includes a commitment to invest $25 billion in data centers and energy infrastructure. The joint venture will play a crucial role in supporting the state's energy needs and fostering innovation in the energy sector.