Portland General Electric Stock Holds Strong Despite New Groundwater Lawsuit

Portland General Electric (POR) is facing a fresh legal challenge in Oregon over accusations of contributing to nitrate-contaminated groundwater. Despite this new environmental lawsuit, the company’s stock has shown resilience, with a 15.4% return over the last 90 days and an 18.1% return over the past year. Analysts suggest that the stock is slightly overvalued at $49.16, with a fair value of $48.67.