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Investing.com - UBS maintained its Buy rating and $47.00 price target on Portland General Electric Company (NYSE:POR), currently trading at $44.31, as the utility awaits a regulatory decision on its battery project. According to InvestingPro analysis, the company appears fairly valued, with a GOOD overall financial health score.
The Oregon Public Utility Commission is expected to issue a final decision by October 21 regarding the company’s 200 MW Seaside battery project.
UBS believes the regulatory outcome will likely strengthen Portland General Electric’s earnings per share growth rate guidance of 5% to 7%.
The investment firm does not anticipate a wide range of potential outcomes from the regulatory proceeding.
The commission’s decision, which can be issued without a formal meeting, would most likely represent a positive development for the utility, according to UBS.
In other recent news, Portland General Electric (PGE) has announced its financial results for the second quarter of 2025. The company reported a GAAP net income of $62 million, translating to $0.56 per diluted share. In addition, PGE achieved a non-GAAP net income of $73 million, or $0.66 per share. The company has also reaffirmed its adjusted earnings guidance for the year 2025, projecting earnings between $3.13 and $3.33 per diluted share. These results highlight PGE’s strong financial performance during this period. The announcement of these earnings figures is a significant development for investors. The company’s financial outlook remains stable as indicated by its reaffirmed guidance.
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