Duke Energy (DUK) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this electric utility have returned +2.3% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Utility - Electric Power industry, to which Duke Energy belongs, has gained 2.6% over this period. Now the key question is: Where could the stock be headed in the near term? Although media ...

ST. PETERSBURG, Fla., June 5, 2024 /PRNewswire/ -- Resiliency is the ability to recover quickly from a disruption, and Duke Energy Florida has been preparing ahead of the start of hurricane season to respond quickly and restore power faster when the next storm strikes. The National Oceanic and Atmospheric Administration predicts an above-normal hurricane season with 17 to 25 named storms this season, including 8 to 13 hurricanes, and 4 to 7 of those becoming major hurricanes. This year's forecast predicts a ...

Eligible nonprofits may apply for a $25,000 grant now through July 12 CHARLOTTE, N.C., June 4, 2024 /PRNewswire/ -- The Duke Energy Foundation is accepting grant applications to award $700,000 in total funding to help North Carolina communities increase their resiliency against major weather events and other natural disasters. The application process is open now through July 12. "We're proud to partner with emergency management teams, first responders and nonprofits to strengthen local communities in a way ...

Storm damage forced senior center to close, displacing clients who rely on critical services ST. PETERSBURG, Fla., June 4, 2024 /PRNewswire/ -- Duke Energy Florida, in collaboration with the Florida Council on Aging, today announced a $70,000 donation to the Jefferson Senior Citizens Center in Monticello, Fla. After severe storms blew through north Florida this spring, the facility sustained severe damage, displacing seniors who rely on its critical services. "During a heavy rain on April 10, water came fro ...

Funding will support 33 nonprofits and government agencies Grants will pay for training, life-saving equipment and new technology to aid in disaster planning and recovery operations GREENVILLE, S.C., June 3, 2024 /PRNewswire/ -- As hurricane season begins, emergency managers and first responders turn their eyes to the tropics as they continue to prepare their communities for the possibility of impacts from severe weather. Duke Energy is preparing as well and stands in support of these communities across Sou ...

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 ...