Portland General Electric

POR · NYSE

$44.31+$0.83 (+1.91%)TodayMarket closed · Oct 20, 7:34 PM ET

Prev close $43.48

POR analyst rating

HoldConsensus of 7 analysts over the last 12 months. 29% rate it a buy.

Strong buy0
Buy2
Hold5
Underperform0
Sell0

12-month price target · 11 analysts

Average $52.59 (+18.7% upside)

Low: $44.44
Now: $44.31
High: $65.10

Upgrades and downgrades

The latest rating actions, newest first

POR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Sep 30, 2026	Maintains	Market Perform	$52.00 → $47.00	88%
UBS	Sep 28, 2026	Maintains	Neutral	$53.00 → $50.00	53%
JP Morgan	Sep 9, 2026	Maintains	Neutral	$56.00 → $53.00	33%
Wells Fargo	Aug 21, 2026	Upgrade	Equal-Weight → Overweight	$51.00 → $58.00	52%
Ladenburg Thalmann	Aug 13, 2026	Upgrade	Sell → Buy	$48.50	57%
BMO Capital	Jul 22, 2026	Maintains	Market Perform	$55.00 → $54.00	88%
JP Morgan	Apr 20, 2026	Maintains	Neutral	$51.00 → $54.00	33%
UBS	Feb 19, 2026	Maintains	Neutral	$53.00 → $55.00	53%
Barclays	Feb 17, 2026	Maintains	Equal-Weight	$47.00 → $53.00	51%
Wells Fargo	Jan 20, 2026	Maintains	Equal-Weight	$45.00 → $49.00	52%

The case for and against

Updated Apr 28, 2024

Bull case

Portland Gen Electric is a regulated electric utility with a diversified portfolio of generation assets, which have allowed the company to mitigate risk and maintain stable earnings. Their investments in grid hardening and wildfire mitigation plans demonstrate prudent management, and a relatively insulated service territory reduces the risk of catastrophic events. However, there are general economic conditions and regulatory changes that could pose risks to the company's performance. Financially, higher than expected customer and load growth could boost earnings, but the company's recent 3Q EPS of $0.46 fell short of expectations due to higher power costs. Upcoming catalysts such as a final rate case decision and an updated capital plan may provide more clarity for investors.

Bear case

Portland Gen Electric is facing multiple challenges, including contentious rate case discussions, potential reliability contingency events resulting from wildfires, and the complexity of the PCAM regime which adds confusion for investors. With a downward trend in wholesale power prices and potential economic downturn, Portland Gen Electric may also face cash flow issues and the need to issue equity. Additionally, the company is subject to a variety of risks, including regulatory changes, power price volatility, and macroeconomic conditions, which may negatively impact their stock performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.