Bank of America named PPL Corporation a top ten data center power player. The designation reflects PPL's position to benefit from artificial intelligence infrastructure demand. PPL holds an expanding 28.3 GW advanced-stage data center pipeline in Pennsylvania.
The company filed a new $563.43 million common stock shelf registration. PPL also closed a $246.59 million ESOP-related shelf. These capital moves support PPL's $23 billion grid investment and upgrades.
PPL stock declined 0.44% on May 22. The shares closed at $36.01. The stock gained 2.06% in the previous trading session.