Why Duke Energy (DUK) Is Becoming a Data Center Power Demand Play The quiet revolution underway in utility stocks is driven by the voracious appetite for power from rapidly growing data centers.
Companies like Duke Energy are being propelled into the spotlight by their ability to supply this demand, transforming them from stodgy monopolies into industry leaders.
Recent investments in capacity and infrastructure have paid off for Duke Energy, with a 10% year over year increase in revenue to $9. 17 billion in Q1 2026 exceeding analyst expectations.