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Stock Market & Financial Investment News

News Breaks
February 17, 2014
13:12 EDTDUKDuke Energy initiates process to exit Midwest commercial generation business
Duke Energy has initiated a strategic process to exit its Midwest commercial generation business, which includes ownership interests in 13 power plants. The Midwest generation business includes 13 power plants with a total capacity of approximately 6,600 megawatts. These plants are owned or partially owned by Duke Energy Ohio and reported in the company's Commercial Businesses unit. Redeployment of any Midwest generation sale proceeds is expected to be accretive. As a result of this announcement, the company will take an estimated pre-tax impairment charge of $1B to $2B in the first quarter of 2014. This impairment will be treated as a special item and excluded from Duke Energy's adjusted diluted earnings per share results.
News For DUK From The Last 14 Days
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December 19, 2014
10:01 EDTDUKDuke Energy acquires Halifax solar project in eastern North Carolina
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07:51 EDTDUKCarolina Business Review to hold a discussion on the economic outlook
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December 10, 2014
14:22 EDTDUKDuke Energy accelerating ash basin closure planning across fleet
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09:09 EDTDUKDuke Energy receives FERC approval for NCEPA assets purchase
Duke Energy has received approval from the Federal Energy Regulatory Commission to proceed with plans to purchase the North Carolina Eastern Municipal Power Agency's generating assets. The ruling is an important milestone of the approximately $1.2B transaction with NCEMPA, announced July 28. NCEMPA currently maintains partial ownership interest in several Duke Energy Progress plants.
07:45 EDTDUKWells Fargo to hold a symposium
2014 Wells Fargo Energy Symposium is being held in New York on December 9-10; with webcasted company presentations to begin on December 10 at 8 am; not all company presentations may be webcasted. Webcast Link
December 9, 2014
10:23 EDTDUKOn The Fly: Analyst Downgrade Summary
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08:00 EDTDUKDuke Energy downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Duke Energy to Neutral from Outperform, citing a lack of limited upside in the near term and the belief that a review of the company's international assets is unlikely to result in asset sales or cash transfers into the U.S. The firm, however, raised its price target on the stock to $84 from $79.
December 8, 2014
12:35 EDTDUKDuke Energy receives approval from NCUC to build three solar facilities
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