Duke Energy Corp Stock Price, News & Analysis

Duke Energy, based in Charlotte, N.C., warns customers about a rise in phone scams threatening immediate disconnection of service unless payment is made. With nearly 30,000 reported attempts in 2020, only 4% of customers fell victim to such scams, down from over 9% since 2016. Duke Energy encourages customers to hang up on potential scammers and verify their account status through official channels. The Utility Scam Awareness Day on Nov. 17, part of International Scam Awareness Week, aims to educate consumers on recognizing and avoiding scams.

Duke Energy (NYSE: DUK) has entered into a cooperation agreement with Elliott Investment Management, which includes the appointment of two independent directors to its board. Idalene Kesner, Dean of Indiana University's Kelley School of Business, is the first appointee, bringing extensive governance experience. The agreement aims to enhance shareholder value and further Duke's clean energy initiatives. Duke Energy also announced that Michael Browning will retire as independent lead director, to be succeeded by Ted Craver. The company has set a $60-$65 billion capital plan from 2022-2026 and has improved its earnings per share growth guidance to 5%-7% through 2025.

Duke Energy Florida's Duette Solar Power Plant is now operational, part of a broader $2 billion investment in solar energy. With a capacity of 74.5 MW, the facility can power approximately 23,000 homes, using 227,000 solar panels. This contributes to a total of 25 solar plants generating 1,500 MW by 2024, enhancing clean energy access for 1.9 million customers. The facility was completed ahead of schedule, supporting Duke's goal of reducing carbon emissions significantly. Additionally, plans for more solar sites and energy storage systems are underway.

Duke Energy (NYSE: DUK) reported its third-quarter 2021 financial results on November 4, 2021. The company, which serves 7.9 million electric customers and 1.6 million natural gas customers, is committed to significant clean energy initiatives, aiming for a 50% carbon reduction by 2030 and net-zero emissions by 2050. Duke is a leader in renewable energy, planning to own or purchase 16,000 megawatts of renewable capacity by 2025. The earnings report and investor presentation are accessible on their website.

Duke Energy initiates a monthlong campaign to combat food insecurity in South Carolina, donating nearly $250,000 to around 50 feeding programs before Thanksgiving. The funds will help FoodShare South Carolina distribute over 63,000 pounds of fresh produce through 4,200 family food boxes. Each box, valued at $20-$30, is available for just $10 or $5 via SNAP. Duke Energy's philanthropic efforts support community organizations and aim to alleviate hunger, with a commitment to volunteerism from employees throughout November.

Duke Energy (NYSE: DUK) has introduced a new Sustainable Financing Framework aimed at attracting billions in investments for green and social projects, driving its clean energy transition. This initiative strengthens the company's commitment to sustainable financing, broadening eligible investments aligned with its ESG priorities. Since 2018, Duke has issued $2.3 billion in green bonds. The company aims to reduce carbon emissions from electricity generation by at least 50% by 2030 and reach net-zero emissions by 2050, focusing on renewable energy, grid technology, and diversity in supplier opportunities.

Duke Energy Foundation announced $170,000 in nature grants to support environmental initiatives across North Carolina. Since 2015, it has funded over $7 million in nature grants, partnering with organizations to protect natural resources. This year’s grants include funding for programs by the Nature Conservancy, North Carolina Wildlife Federation, and others aimed at enhancing community access to nature and improving climate resilience. Duke Energy remains committed to environmental stewardship as part of its clean energy transition.

Honeywell (NASDAQ: HON) has unveiled a groundbreaking flow battery technology designed for renewable energy storage, enhancing the use of wind and solar power. This innovative battery utilizes a non-flammable electrolyte, providing up to 12 hours of energy discharge, outpacing traditional lithium-ion batteries. Set to be tested by Duke Energy in 2022, this technology aims to reduce reliance on fossil fuels, aligning with Duke's clean energy targets of a 50% carbon emissions reduction by 2030. Industry forecasts predict a $13.7B market for long-duration energy storage by 2030.