12 Best Renewable Energy Stocks to Buy in 2025

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6. Duke Energy Corporation (NYSE:DUK)

No. of Hedge Fund Holders: 62

Duke Energy Corporation (NYSE:DUK) is one of the largest power companies in the U.S. The company serves through two major segments, including electricity and gas. Duke currently has over 11,900 MW of renewable generating capacity, which is expected to reach 30,000 MW by 2035. The company remains focused on net-zero targets and estimates renewables to be its biggest generation source by 2050. It is heavily investing in wind, solar, and battery storage to upgrade its energy sources.

Duke Energy Corporation (NYSE:DUK) has upgraded its five-year capital expenditure plan by 13.7% to $83 billion. This plan is set to accommodate the rising demand due to population growth and the expansion of data centers.

Recently, Morgan Stanley analyst Stephen Byrd increased the price target on DUK shares from $123 to $128, maintaining an Equal Weight rating on the stock. The analyst is bullish on diversified utilities and independent power producers. The strong energy demand from data centers and efforts to defend renewables will be key for companies like Duke Energy.

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