10 Best Climate Change Stocks to Buy Now

4. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 62

One of the largest utility providers in the United States, Duke Energy Corporation (NYSE:DUK), delivers electricity and natural gas to millions of customers across the Southeast and Midwest regions. The company’s energy portfolio includes natural gas, nuclear, renewables, and coal, positioning it to meet diverse energy demands.

In February 2025, Duke Energy Corporation (NYSE:DUK) announced an increase in its five-year capital expenditure plan to $83 billion, a 13.7% rise, driven by growing demand from data centers and industrial sectors. The company plans to add nearly five gigawatts of natural gas power by the end of 2029 to accommodate this surge. To fund approximately 40% of this expansion, it intends to issue $6.5 billion in equity from 2025 to 2029.

Duke Energy Corporation (NYSE:DUK) reported a 5% increase in income from its electric and gas segments for the fourth quarter ending December 31, 2024, totaling approximately $1.4 billion. The company posted a profit of $1.66 per share, aligning with analysts’ expectations, and revenues slightly exceeded estimates at $7.36 billion. Duke Energy forecasts 2025 earnings per share in the range of $6.17 to $6.42.

On March 17, Duke Energy Corporation (NYSE:DUK) shares surged to a record high, reaching $121.26. The consensus 1-year target estimate for the stock is $125.00, suggesting a 6.70% upside potential from current levels, as of March 26th.