Duke Energy asset sales positive, says RBC Capital After Duke (DUK) agreed to sell midwest generation assets to Dynegy (DYN), RBC Capital says that the deal will increase the premium that investors are willing to pay for Duke, since it increases the weight of its regulated assets. The firm expects Duke to use the proceeds from the deal to increase its EPS, and it raised its price target on the shares to $81 from $80. It keeps an Outperform rating on the stock.
Duke Energy solar project in Rutherford to provide energy to Google data center Google (GOOG) will benefit from Duke Energy (DUK) Carolinas' Green Source Rider program - meeting a portion of the power demand from the company's data center in Lenoir with solar energy. A 61-megawatt solar project will be constructed in Rutherford County in Duke Energy Carolinas' service territory. Under a power purchase agreement with the Rutherford Farms solar project, Duke Energy will secure power to meet new energy demand from Google's expanded data center.