Goldman Sachs removed Duke Energy from its US Conviction List as part of its monthly update on July 1, while reiterating a Buy rating on the stock. The removal comes despite Duke Energy reaffirming its fiscal 2026 earnings per share guidance range of $6.55 to $6.80 and a long-term EPS growth target of 5% to 7% through 2030. The utility has signed electric service agreements for 7.6 gigawatts of new data center demand since 2024, including 2.7 gigawatts in the first quarter of 2026 alone, and is in advanced discussions for an additional 15.4 gigawatts. Separately, Morgan Stanley raised its price target on Duke Energy by $4 on June 24 while maintaining an Equal Weight rating.
Goldman Sachs Group Inc
Morgan StanleyDuke Energy CorporationRemoved from Goldman Sachs US Conviction List but Buy rating reiterated; strong data center demand and reaffirmed guidance provide positive context.