Florida to Experience Coldest Weather in a Decade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: PRnewswire
- Extreme Weather Impact: Florida is set to experience its coldest weather in nearly a decade, with temperatures potentially 20-25 degrees below average, which is expected to increase the load on heating systems, affecting comfort levels in homes and businesses.
- Rising Energy Use: As energy demand rises, Duke Energy encourages customers to take advantage of simple energy-saving solutions to reduce their bills, helping them manage their energy usage during the cold spell.
- Meteorological Preparedness: Duke Energy's meteorology team indicates that the St. Petersburg area may see temperatures drop below freezing for the first time since 2018, demonstrating the company's readiness for the anticipated increase in energy consumption.
- Customer Resource Utilization: Duke Energy's usage alert service allows customers to monitor their energy usage in real-time, enabling them to make adjustments before their bills arrive, further promoting energy savings.
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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: 120.890
Low
126.00
Averages
136.31
High
150.00
Current: 120.890
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.
Duke Energy Prepares for Winter Storm Impact
- Winter Storm Alert: Duke Energy is anticipating widespread snow and strong winds in the Carolinas this weekend, with continued frigid temperatures posing risks to customer safety and power reliability.
- Grid Vulnerability: The expected wind gusts present the greatest threat to the power grid, particularly in areas where trees may have been weakened by a recent ice storm, potentially leading to power outages.
- Customer Safety Measures: Duke Energy is urging customers to take proactive safety measures in preparation for the severe weather, ensuring the safety of homes and communities during the storm.
- Ongoing Monitoring: Duke Energy will continue to monitor the storm's progression and will provide updates as necessary through social media and its website, ensuring customers remain informed about the situation.
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Duke Energy Prepares for Winter Storm Impact
- Winter Storm Alert: Duke Energy is preparing for a winter storm expected to bring widespread snow and strong winds to the Carolinas this weekend, urging customers to take safety precautions as power outages may occur.
- Grid Vulnerability: Anticipated wind gusts of 30 mph could bring down trees and disrupt the power grid, particularly in areas where trees have been weakened by a recent ice storm, potentially delaying restoration efforts.
- Customer Safety Measures: The company advises customers to prepare emergency kits, charge phones, gather flashlights and batteries, and download or update the Duke Energy app for timely outage information and restoration updates.
- Grid Improvement Initiatives: Duke Energy has upgraded its grid by placing outage-prone lines underground and implementing smart self-healing technology to expedite power restoration, although severe weather may still lead to outages.
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