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MarketScreener Homepage  >  Equities  >  Nyse  >  Duke Energy Corporation    DUK

DUKE ENERGY CORPORATION

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Duke Energy : Plans to Electrify Vehicle Fleet by 2030

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09/09/2020 | 04:05pm EDT

By Michael Dabaie

 

Duke Energy said it would convert most of its current 10,000-vehicle fleet to electric or another zero-carbon alternative in 10 years.

With about 600 electric vehicles already in its fleet, the utility said it would continue to pursue electrification as more electric vehicle options become available.

Duke Energy said it would convert all of its nearly 4,000 light-duty vehicles to electric and 50% of its about 6,000 combined fleet of medium-duty, heavy-duty and off-road vehicles to EVs, plug-in hybrids or other zero-carbon alternatives as more of these options become available.

The company said that by 2030, it would reduce CO2 emissions by 60,000 metric tons and petroleum usage by 10 million gallons annually.

"We've set a bold vision to achieve net-zero carbon emissions from electric generation by 2050. But beyond how we generate power, we're looking at other ways to transform our business to reduce emissions," said Chief Executive Lynn Good.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
DUKE ENERGY CORPORATION -2.24% 90.98 Delayed Quote.-0.25%
WTI -1.14% 37.24 Delayed Quote.-36.69%
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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 22,5x
Yield 2020 4,25%
Capitalization 66 910 M 66 910 M -
EV / Sales 2020 5,15x
EV / Sales 2021 5,06x
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 90,98 $
Spread / Highest target 16,5%
Spread / Average Target 4,05%
Spread / Lowest Target -6,57%
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
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