pidjoe Duke Energy (NYSE:DUK) has recently signed deals with some of the world's largest tech giants. After Goldman Sachs projected a huge demand for electricity due to artificial intelligence, Duke can see its outlook supercharged. Duke Energy signs clean energy deals with tech giants Seeking Alpha reported Wednesday that Duke Energy had signed agreements with Amazon (AMZN), Google (GOOG), and Microsoft (MSFT) to develop new power contract terms for carbon-free energy generation investments in North Caroli ...

CHARLOTTE, N.C., May 29, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK), Amazon, Google, Microsoft and Nucor today announced agreements to explore new and innovative approaches to support carbon-free energy generation and help utilities serve the future energy needs of large businesses in North Carolina and South Carolina. The announcement was made at the White House Summit on Domestic Nuclear Deployment. In memorandums of understanding (MOUs) signed this month, the companies proposed developing new rate stru ...

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Revisions to Earnings Estimates Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of it ...

Agreement supports company's efforts to increase system diversity, reliability and enhance the customer experience GREENVILLE, S.C., May 17, 2024 /PRNewswire/ -- Duke Energy Carolinas has reached a settlement agreement with almost all parties, including certain consumer, environmental and industrial groups in South Carolina, for its rate review request filed in January of this year – the first such request by the company since 2018. If the agreement is approved by the Public Service Commission of South Caro ...

CHARLOTTE, N.C., May 14, 2024 /PRNewswire/ -- Powered by a $100,000 grant from the Duke Energy Foundation, the Red Cross unveiled today its new and improved Emergency app for weather safety. Enhancements help remove language, location and ability barriers and improve the overall user experience, ensuring all customers can have critical tools and preparedness information at their fingertips. "As storm threats continue to grow, we want to ensure our communities most vulnerable to climate risk and least able t ...

There’s no denying that the concept of utility stocks to buy is incredibly boring. However, with the market incurring some choppy price action, going for aggressive gambits isn’t always prudent. If you’re playing the black pieces, it might just be best to counter your opponent’s (Mister Market) moves.Utility stocks to buy will do that for you. Fundamentally, this arena benefits from a natural monopoly. Essentially, would-be rivals don’t even bother competing against entrenched enterprises. Not only is the c ...

Company moving from planning to execution phase of energy transition Reliability and affordability remain cornerstones of success CHARLOTTE, N.C., May 9, 2024 /PRNewswire/ -- In 2023, Duke Energy (NYSE: DUK) executed its strategy, achieved significant regulatory and policy milestones, and ensured affordability and reliability for customers in the face of rapidly rising interest rates and extremely mild weather, CEO Lynn Good told investors during the company's annual shareholders meeting today.  These acc ...

CHARLOTTE, N.C., May 9, 2024 /PRNewswire/ -- As of 9 a.m., Duke Energy has restored power to more than 180,000 customers impacted by severe storms that occurred Wednesday evening and Thursday morning. The majority of customers are expected to be restored by tonight, with some customers in the hardest-hit areas experiencing power outages into Friday.  "We are committed to working as quickly and safely as possible to get the lights back on for our customers," said Jason Hollifield, Duke Energy's Carolinas sto ...

Sunset sky with Duke Energy building in Charlotte, NC Takako Hatayama-Phillips Duke Energy Corporation (NYSE:DUK) has both energy utilities and infrastructure business as well as the gas utilities & infrastructure business. Primarily regulated, this duo forms the two main reporting segments for this company, with the balance of activities falling under the all encompassing "other". Its energy utilities & infrastructure operations comprise generation, transmission, distribution, and sale of electricity. This ...

DUK LISTED (1) As of May 3, 2024 (2) Subject to approval by the Board of Directors (3) Total shareholder return proposition at a constant P/E ratio (4) Based on adjusted EPS Advancing Carolinas energy transition Continues to retire coal by 2035 | --- | --- | --- | |----------------|-----------------------------------|-----------------| | Next Steps | Hearing Scheduled to Begin | Order Expected | | North Carolina | July 22, 2024 | Q4 2024 | | | South Carolina September 16, 2024 | Q4 2024 | 8,900 MW of natura ...