Weekly Recap: Q3 EPS rises, outlook cut and resource needs reach 9 GW

Portland General Electric Company (NYSE:POR) posted higher Q3 adjusted earnings and revenue, but mild weather prompted a cut to 2026 EPS guidance; its resource plan also calls for substantial capacity additions by 2032, while Wells Fargo retained an Overweight rating and trimmed its price target.

Previous Week Recap

• Q3 EPS Rises, Guidance Cut: Portland General Electric’s Q3 adjusted EPS rose 6% to $1.06, while revenue gained 2% to $971 million. Mild weather weighed on earnings; POR cut 2026 adjusted EPS guidance to $3.18–$3.28.
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  3个来源
• Resource Plan Projects Capacity Needs: Portland General Electric Company (POR)’s 2026 resource plan identified a need for 3.4–6.7 GW of resources by 2030 and more than 5–9 GW by 2032, subject to regulatory review.
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• Wells Fargo Lowers Price Target: Wells Fargo maintained its Overweight rating on Portland General Electric Company (POR) and lowered its price target to $56 from $58.
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