BUZZ-Street View: Strong demand to power Duke's growth

Reuters11-10
BUZZ-Street View: Strong demand to power Duke's growth

** U.S. power company Duke Energy DUK.N reported Q3 revenue and profit above Wall Street estimates, driven by higher electricity rates, strong demand, and new data center energy deals

** Median PT of 24 brokerages covering the stock is $137.5 - data compiled by LSEG

POWERING THE BOOMING DATACENTER DEMAND

** Scotiabank ("sector outperform", PT: $137) "We view DUK as being uniquely positioned among U.S. utilities in that its service territories have been seeing success with both data centers and manufacturers alike"

** Evercore ISI ("outperform", PT: $143) says co’s growth potential, backed by its strong service territory, expanding demand, and a capital plan that’s largely shielded from regulatory delays

** BTIG ("buy", PT: $150) believes co is well placed to benefit from rising demand in key regions, driven by growth and funding strategies that support long-term performance among top-tier utilities

** BofA global research ("neutral" PT: $138) says investors are likely to focus on the co’s regional growth and how it could drive stronger earnings

(Reporting by Kanishka Ajmera in Bengaluru)

((Kanishka.Ajmera@thomsonreuters.com))

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