Duke Energy Corp Stock Price, News & Analysis

Duke Energy Florida has donated $75,000 to the University of Central Florida (UCF) to enhance programs for engineering and computer science students. This contribution, which builds on a previous $75,000 grant, will support initiatives like the Engineering Leadership and Innovation Institute and Senior Design Boot Camps. This donation is part of Duke Energy's longstanding commitment to UCF, totaling over $5 million in support. UCF is a leading provider of engineers in the U.S., serving key industries such as aerospace and healthcare.

Duke Energy (NYSE: DUK) announced its first-quarter 2022 financial results on May 9, 2022. The company serves 8.2 million electric customers across multiple states and aims for significant clean energy goals, including net-zero carbon emissions by 2050. Duke Energy is also investing in grid enhancements and zero-emission technologies. The financial updates will be discussed in an investor presentation at 10 a.m. ET, accessible via their website. A recording will be available the following day.

Duke Energy (NYSE: DUK) is advancing in its multi-year clean energy transition, targeting net-zero emissions by 2050. CEO Lynn Good reported a $63 billion investment plan, with 80% focused on clean energy. The company surpassed 10,000 megawatts of renewables, aiming for 24,000 megawatts by 2030. Efforts include retiring nearly 1,000 megawatts of coal in 2021 and expanding its carbon reduction goals. Duke Energy emphasizes customer support, offering over $100 million in financial assistance and energy-saving programs to manage bills.

Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $0.985 per share for its common stock, payable on June 16, 2022, to shareholders of record by May 13, 2022. Additionally, a dividend of $359.375 per share on its Series A preferred stock will also be paid on the same date. This marks 96 consecutive years of cash dividends for Duke Energy. The company serves 8.2 million electric customers across several states and is committed to a clean energy transition, targeting net-zero carbon emissions by 2050.

Duke Energy Florida, in partnership with Coastal Conservation Association Florida, deployed eight concrete reef modules to create the "Duke Energy/CCA Florida Reef" off Mexico Beach, Florida. This initiative, involving more than 170,000 pounds of concrete, aims to enhance marine habitats and attract diverse fish species, benefiting recreational anglers. Since 2018, Duke Energy and CCA Florida have released over 110,000 redfish to combat declining populations. This project emphasizes Duke Energy's commitment to environmental stewardship and supports local fishing communities.

Duke Energy Indiana has upgraded three turbines and generators at its Markland Hydroelectric Station, enhancing renewable energy output by 10%. The $152 million project, completed in April 2022, allows the facility to generate sufficient power for 52,000 homes, contributing an additional 39 GWh annually. This upgrade supports Duke Energy's commitment to cleaner energy, having reduced sulfur dioxide emissions by 96% since 2005. The company plans to invest in solar and wind energy, aiming for net-zero carbon emissions by 2050.

Duke Energy Sustainable Solutions has commenced construction on the 120-megawatt Jackpot Solar project in Twin Falls County, Idaho, marking its first renewable energy facility in the state. Upon completion, it will be Idaho's largest solar facility and is scheduled to be operational by the end of 2022. The project will supply energy to Idaho Power under a 20-year power purchase agreement, aiding Idaho Power's goal of achieving 100% clean energy by 2045. The initiative is expected to employ around 200 workers and generate significant economic benefits for the local community.