Portland General Electric Company research snapshot
POR AI stock analysis currently reads Portland General Electric as a regulated electric utility serving about 960,000 customers in Oregon with steady demand, growing industrial load, heavy wildfire mitigation and renewable investment requirements, and a valuation that became more reasonable after the July pullback. As of the August 3, 2026 data cutoff, the stock trades near $49.33 with a market cap of about $5.71 billion. The company reported Q2 2026 results on July 31, 2026 with revenue of $814 million, net income of $68 million, and EPS of $0.64, slightly below the $0.65 estimate but with reaffirmed guidance and regulatory progress including a new large load tariff and holding company formation. The POR AI stock forecast uses scenario ranges because utility equity value depends on regulatory outcomes, capital spending, customer affordability, wildfire liability, and interest rates rather than a single predictable path. This page is informational research, not investment advice.
Current price
$49.33
Market cap
$5.71 billion verified market cap
AI score
64 / 100
Rating
Oregon-regulated electric utility with improving industrial load demand, a more reasonable valuation after the July pullback, and heavy capital needs
Trend status
Short-term negative after a pullback from the July highs, but the 1-month technical signal is buy and the 1-year return is still +20.43%
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Portland General Electric sells essential regulated electricity service to about 960,000 retail customers in Oregon, plus wholesale power and gas, with growing industrial and large load demand. | High |
| Moat | The moat comes from regulated monopoly service territory, grid infrastructure, customer density, and long-standing Oregon regulatory relationships rather than consumer brand pricing power. | High |
| Management | CEO Maria MacGregor Pope leads a management team navigating wildfire mitigation, renewable portfolio mandates, customer affordability, and a significant capital investment program, with Q2 2026 progress on a new large load tariff and holding company formation. | Medium-high |
| Financial trend | FY2025 revenue was about $3.37 billion and net income was $306 million, with EPS of $2.25. Q2 2026 revenue was $814 million with EPS of $0.64 and net income of $68 million, modestly below the EPS estimate but with reaffirmed guidance. | Medium-high |
| Valuation | At $49.33, POR trades near 21.73x TTM EPS, 1.39x book value, a 4.60% earnings yield, a 4.46% dividend yield, and a negative FCF yield reflecting the capital spending cycle. | High |
| Technical trend | The stock pulled back from the July highs with a strong sell daily reading and a 6.27% five-day decline, but the 1-month signal is buy and the stock is still up 20.43% over the past year. Specific moving average and RSI values need chart-software confirmation. | Medium |
| Risk level | Risk is medium-high for a utility because of single-state regulatory concentration, wildfire liability and mitigation costs, negative free cash flow, capital spending needs, customer bill sensitivity, and the elevated P/E multiple. | Medium-high |
| AI confidence | Descriptive confidence is good because SEC filings and market data are available. Forward confidence is lower because Oregon regulatory decisions, wildfire outcomes, and rate case results carry more uncertainty for a single-state utility. | High data confidence |
| Investment certainty | POR is a regulated utility with visible demand and improving industrial load but limited diversification and negative free cash flow. Certainty improves at lower prices closer to the bear-case range or if regulatory tailwinds strengthen. | Medium |
POR AI stock forecast
The POR AI stock forecast is scenario-based because Portland General Electric combines stable regulated demand with heavy capital spending, wildfire risk, and single-state regulatory exposure. Using the $49.33 reference price, TTM EPS of $2.27, and the three-scenario model, mechanical anchors are about $36 to $39 in a bear case, $50 to $55 in a base case, and $60 to $66 in a bullish case before dividends. These are not promises, and the actual range could widen if Oregon regulatory conditions, wildfire costs, or interest rates shift materially. Analyst price targets collected by TradingView cluster around a median of $52.70, with a low estimate of $43 and a high estimate of $62.
$60 to $66 before dividends
More likely if EPS grows near 6% annually, Oregon regulators approve cost recovery for wildfire mitigation and renewable investment, the new large load tariff and data center demand accelerate, and the market re-rates POR toward a higher P/E multiple in a favorable rate environment.
$50 to $55 before dividends
More likely if EPS grows in the low to mid single digits, the dividend continues with modest increases, regulatory outcomes are constructive but not generous, and valuation stays near the current low 20s P/E range.
$36 to $39 before dividends
More likely if rates rise, Oregon regulators limit cost recovery or allowed returns, wildfire liabilities increase, negative free cash flow pressures the balance sheet, customer affordability constrains rate increases, or the capital plan faces financing headwinds.
POR AI technical analysis
POR AI technical analysis as of the August 3, 2026 data cutoff reflects a stock that pulled back from the July highs after a strong run. The stock trades near $49.33, down 6.27% over the past five days and 4.92% over the past month, while still up 20.43% over the past year and 2.71% year to date. TradingView daily technical readings show a strong sell summary, a 1-week sell signal, and a 1-month buy signal, while specific moving average and RSI levels should be confirmed with chart software. Technical analysis works best when combined with regulatory, wildfire, and capital-plan monitoring.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $49.33 | TradingView listed the most recent close at $49.33, down 1.52% on the session. |
| Near support | $46 to $48 | This area aligns with recent consolidation levels and could provide a first line of support after the pullback. |
| Major support | $43 to $45 | This range aligns with the low end of the analyst price target range near $43 and the bear-case model zone. |
| Deeper support | $38 to $40 | A sustained break below the $43 to $45 zone targets this range, which represents a significant trend failure. |
| Near resistance | $52 to $54 | This area represents the July breakdown zone and the first upside hurdle after the pullback. |
| Upper resistance | $57 to $60 | A reclaim of the near-resistance zone targets this range, with the all-time high near $63.08 from February 2020 above it. |
| Moving averages | Below short-term averages, longer-term trend still intact | The stock sits below shorter-term moving averages after the pullback, while the 1-year uptrend suggests support from longer-term averages. Specific values should be confirmed with live chart data. |
| Momentum | Negative short term, positive longer term | Five-day and one-month returns are negative, while the 1-year return of +20.43% remains positive. RSI and MACD readings should be verified with chart software for overbought or oversold signals. |
| Volume | Monitor around earnings and rate-case events | The next earnings report on October 23, 2026 and any Oregon Public Utility Commission rate-case or large load tariff decisions will drive volume and volatility. |
| Volatility | Beta near -0.13, volatility near 3.15% | POR has shown negative beta recently, meaning it has moved inversely to the broad market, but this is not a reliable hedge characteristic. |
| Invalidation | Close below $46, then below $43 | A sustained close below $46 would extend the short-term pullback. A break below $43 would challenge the utility valuation thesis and open the way to the $38 to $40 zone. |
POR AI trading strategy
The POR AI trading strategy below is a research framework, not personal advice. It combines chart levels with Oregon regulatory milestones, large load tariff progress, wildfire mitigation disclosures, capital spending updates, earnings reports, dividend coverage, Treasury yield trends, and load growth indicators.
Watch for POR to hold above the $46 to $48 support zone and then reclaim the $52 to $54 resistance area with constructive regulatory news, intact earnings trends, and stable or falling rates.
A failed attempt at $52 to $54 followed by a close below $46 should reduce trend confidence, especially if Oregon rate-case news, negative free cash flow, or wildfire cost disclosures surprise negatively.
If POR pulls back toward the $43 to $45 zone while dividend coverage remains solid and regulatory fundamentals are intact, compare the lower price with earnings yield, dividend yield, and historical valuation ranges.
Do not treat every pullback as a buying opportunity if the decline is driven by higher rates, adverse Oregon regulatory decisions, wildfire liability developments, negative free cash flow, or a sustained EPS downgrade cycle.
Track Oregon Public Utility Commission rate-case outcomes, large load tariff implementation, wildfire mitigation cost recovery, the capital investment plan, renewable portfolio compliance, customer growth, data center demand, and the dividend track record.
Position sizing should reflect that POR is a single-state regulated utility with elevated capital needs, negative free cash flow, and wildfire risk, not a diversified multi-state utility. The valuation multiple adds downside risk if growth disappoints.
Investment research summary
Customers pay Portland General Electric because homes, businesses, hospitals, and factories in Oregon need reliable electricity. The business converts regulated infrastructure investment into earnings subject to Oregon Public Utility Commission approval of cost recovery and allowed returns, with growing industrial and large load demand.
POR has a regulated monopoly service territory in Oregon, grid and generation assets, customer relationships, and local operating knowledge. Returns are protected but capped by Oregon regulators, and the moat is limited to a single state.
The thesis fails if Oregon regulators restrict cost recovery or large load tariff growth, wildfire liability exceeds expectations, interest rates rise faster than allowed returns, negative free cash flow pressures the balance sheet, customer bills face political pressure, or capital spending outruns financing.
CEO Maria MacGregor Pope and the team are focused on wildfire mitigation, renewable energy investment, grid modernization, customer affordability, and regulatory relationships. Q2 2026 progress on a new large load tariff and holding company formation, plus reaffirmed guidance, are constructive signals. The key test is navigating competing priorities within Oregon regulatory constraints.
Electrification, data center load growth, renewable portfolio standards, and grid hardening support long-term utility investment. The offset for POR is that Oregon-specific policies, wildfire risk, negative free cash flow, and single-state concentration add uncertainty.
At $49.33, POR trades near 21.73x TTM EPS with a 4.46% dividend yield and a 4.60% earnings yield. Margin of safety improved after the pullback from the July highs but remains limited given the capital cycle and negative free cash flow. A wider margin would exist if the stock traded closer to $43 to $45 or if EPS growth accelerated with confirmed regulatory support.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| POR quote reference | $49.33 with a 1.52% daily decline, 6.27% five-day decline, 4.92% one-month decline, +2.71% YTD, and +20.43% 1-year return | TradingView POR overview | August 3, 2026 |
| Market capitalization verification | $5.71 billion reported and $5.71 billion calculated from $49.33 x 115.76 million shares, with 0.01% variance | Pineify financial_rigor.py and TradingView POR overview | August 3, 2026 |
| Shares outstanding | Approximately 115.76 million shares based on market cap and price; float reported at 115.11 million shares | TradingView POR overview | August 3, 2026 |
| FY2025 revenue and net income | Approximately $3.37 billion FY2025 revenue and $306 million net income | TradingView POR overview | August 3, 2026 |
| Q2 2026 earnings update | Q2 2026 revenue of $814 million (below the $839.75 million estimate), EPS of $0.64 (vs $0.65 estimate), and net income of $68 million, reported on July 31, 2026 with reaffirmed guidance | TradingView POR overview | August 3, 2026 |
| EPS and valuation data | TTM basic EPS of $2.27, P/E ratio near 21.73x computed and 22.17x reported, and dividend yield indicated at 4.47% | TradingView POR overview and Pineify financial_rigor.py | August 3, 2026 |
| Balance sheet snapshot | Q2 2026 total assets of $13.64 billion, total liabilities of $9.52 billion, and total equity of approximately $4.12 billion | TradingView POR balance sheet | August 3, 2026 |
| Cash flow snapshot | Q2 2026 free cash flow of -$156 million; FY2025 free cash flow of -$71 million on operating cash flow of about $1.12 billion | TradingView POR cash flow | August 3, 2026 |
| Dividend data | Quarterly dividend of $0.55 per share, annualized $2.20, 4.46% computed yield, with 2025 payout ratio of 75.09% | TradingView POR overview and Pineify financial_rigor.py | August 3, 2026 |
| Analyst price target | Median 1-year price target of $52.70 from 10 analysts, with a low estimate of $43 and a high estimate of $62 | TradingView POR forecast | August 3, 2026 |
| Next earnings date | Next quarterly earnings report expected on October 23, 2026 | TradingView POR overview | August 3, 2026 |
| Customer and employee base | Approximately 960,000 electric customers and about 2,880 employees | TradingView POR overview and company profile | August 3, 2026 |
| Three-scenario model results | Bullish $64.90 (6% growth, 24x PE), base $52.10 (3% growth, 21x PE), bearish $36.30 (0% growth, 16x PE) over 3 years | Pineify financial_rigor.py | August 3, 2026 |
| Technical references | Beta near -0.13, volatility near 3.15%, all-time high of $63.08 (February 2020), all-time low of $13.45, and a TradingView daily strong sell summary with a 1-month buy signal | TradingView POR overview and technicals | August 3, 2026 |
This POR AI stock analysis page is an informational research tool only. It is not investment advice, a recommendation, or a guarantee of return. Forecast scenarios are based on available public data as of August 3, 2026 and can be wrong if Oregon regulatory decisions, wildfire costs, earnings, negative free cash flow, interest rates, capital markets, or company fundamentals change.
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