Duke Energy Shares Drop 1.15% on $420M Volume Ranking 237th as Solar Projects and Coal Plant Issues Weigh
Duke Energy (DUK) closed down 1.15% on Thursday, with a trading volume of $420 million, ranking 237th among US stocks. The decline follows a regulatory filing revealing a $2.1 billion capital expenditure adjustment for its solar energy projects in North Carolina, which may delay grid expansion timelines. A separate earnings call transcript indicated management acknowledged "moderate near-term headwinds" in its regulated utility segment due to unexpected equipment failures at two coal-fired plants. Analysts noted these developments could temporarily pressure cash flow forecasts despite long-term growth prospects in renewable infrastructure.
Market structure analysis shows the stock tested key support levels near $92.50 during Thursday's session, with order flow data suggesting increased short-term positioning by institutional investors. The volume profile displayed a 23% increase from the 20-day average, concentrated in the final two hours of trading. Technical indicators remain mixed, with RSI at 48 and MACD showing neutral momentum. No material regulatory changes or dividend adjustments were reported in the past week.
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