Duke Energy Deploys 18,000 Workers Ahead of Winter Storm Fern
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Emergency Preparations: Duke Energy has deployed over 18,000 workers, including contractors from 27 states and Canada, to ensure rapid power restoration during severe weather conditions, thereby reducing outage risks for customers.
- Freezing Rain Impact: Meteorological forecasts indicate that freezing rain could damage trees and power lines, with outages potentially lasting several days in the hardest-hit areas, prompting Duke Energy to urge customers to prepare in advance for safety.
- Infrastructure Upgrades: The company is undertaking grid upgrades, including stronger poles and undergrounding, to reduce outage incidents and expedite restoration efforts, although adverse weather may delay restoration in certain areas.
- Customer Guidance: Duke Energy advises customers to review emergency plans, ensure phones are charged, and prepare emergency supplies, while also encouraging them to sign up for outage alerts through its app for timely updates.
Analyst Views on DUK
Wall Street analysts forecast DUK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DUK is 136.31 USD with a low forecast of 126.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 117.710
Low
126.00
Averages
136.31
High
150.00
Current: 117.710
Low
126.00
Averages
136.31
High
150.00
About DUK
Duke Energy Corporation is an energy holding company. The Company operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. EU&I provides retail electric service through the generation, transmission, distribution, and sale of electricity to customers within the Southeast and Midwest regions of the United States. The GU&I segment conducts natural gas operations primarily through the regulated public utilities of Piedmont, Duke Energy Ohio, and Duke Energy Kentucky. GU&I serves residential, commercial, industrial, and power generation natural gas customers, including customers served by municipalities who are wholesale customers. It also purchases a diverse portfolio of transportation and storage services from interstate pipelines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
