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MarketScreener Homepage  >  Equities  >  Nyse  >  Duke Energy Corporation    DUK

DUKE ENERGY CORPORATION

(DUK)
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Duke Energy : Announces New Solar Agreement in South Carolina

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09/16/2020 | 05:43pm EDT

By Stephen Nakrosis

Duke Energy on Wednesday said it has reached an agreement with solar installers, environmental groups and renewable energy advocates in South Carolina which could "create long-term stability for the residential solar industry in the state."

The deal, if approved by regulators, "will provide options for customers while allowing the company to address increasing electric demand periods in the winter for the benefit of the company's systems and customers in both North Carolina and South Carolina," Duke said.

The Solar Choice Net Metering plan would offer credits for small customers whose rooftop solar arrays generate excess electricity, which will then be provided to Duke Energy via the grid, the company said.

"Solar Choice Net Metering will include retail rates that vary based on the time of day and when utilities experience peak demand," Duke said, adding, "It will also give customers the ability to install a smart thermostat with their solar panels and receive an incentive for the combination."

Groups taking part in the agreement include Vote Solar, North Carolina Sustainable Energy Association and rooftop solar installer SunRun.

If the agreement gains regulatory approval, Duke Energy said, it anticipates a transitional tariff will be available prior to a full transition into the new plan on or before Jan. 1, 2022.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
DUKE ENERGY CORPORATION 0.18% 93.39 Delayed Quote.2.16%
WTI 2.55% 39.56 Delayed Quote.-36.11%
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Financials (USD)
Sales 2020 25 403 M - -
Net income 2020 3 116 M - -
Net Debt 2020 63 867 M - -
P/E ratio 2020 23,1x
Yield 2020 4,15%
Capitalization 68 528 M 68 528 M -
EV / Sales 2020 5,21x
EV / Sales 2021 5,12x
Nbr of Employees 28 793
Free-Float 94,7%
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Technical analysis trends DUKE ENERGY CORPORATION
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 94,67 $
Last Close Price 93,18 $
Spread / Highest target 13,8%
Spread / Average Target 1,60%
Spread / Lowest Target -8,78%
EPS Revisions
Managers
NameTitle
Lynn J. Good Chairman, President & Chief Executive Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Steven K. Young Chief Financial Officer & Executive Vice President
Bonnie Titone Chief Information Officer
Michael G. Browning Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DUKE ENERGY CORPORATION2.16%68 528
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IBERDROLA, S.A.16.34%77 328
DOMINION ENERGY, INC.-1.33%68 584
ORSTED A/S40.29%64 478
SOUTHERN COMPANY-4.85%64 012