Duke Energy Restores Power to 24,864 Customers Amid Ongoing Winter Storm Impact
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Power Restoration Progress: As of 4 PM on January 25, Duke Energy has restored power to 24,864 customers, yet 18,016 remain without power, with expectations of increasing outages due to ice accumulation, highlighting the company's challenges in extreme weather recovery.
- Technology Enhancements: Duke Energy's use of self-healing technology to remotely reroute power demonstrates its adaptability in disaster response, as crews assess damage and restore power despite hazardous road conditions.
- Employee Deployment and Safety Measures: The company has mobilized over 18,000 workers, including lineworkers and damage assessors, to ensure power restoration occurs safely, emphasizing its dual commitment to employee safety and customer service during the winter storm.
- Customer Energy-Saving Tips: Duke Energy advises customers to implement energy-saving measures, such as lowering thermostat settings and cleaning air filters, to manage increased energy demands expected over the next week, reflecting the company's responsibility in customer support and energy management.
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.
