Duke Energy Corporation (DUK) - Among the Best Nuclear Energy Stocks to Buy Now

Duke Energy Corporation (NYSE:DUK) is included among the 13 Best Nuclear Power Stocks to Buy According to Analysts.

Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy related services. The company operates 11 nuclear units at six sites in the Carolinas, representing the company’s largest and most reliable source of carbon-free generation.

Duke Energy Corporation (NYSE:DUK) is considering adding large nuclear reactors to its 11-gigawatt fleet as part of a long-term plan aimed at meeting the rapidly growing electricity demand in the Carolinas. The strategy includes a proposal to study the addition of large light-water reactors and small modular reactors, with the company targeting a 2037 in-service date for new nuclear generation.

Duke Energy Corporation (NYSE:DUK) has a five-year $83 billion investment program underway to expand its transmission and distribution network, enabling the company to grow its EPS at a rate of 5% to 7% through 2029. Moreover, the company’s business model generates very stable cash flows backed by government-regulated rate structures, allowing it to pay dividends for 99 consecutive years as of mid-2025.

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Disclosure: None.