Duke Energy is one of the largest US utilities, with subsidiaries in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to more than 8 million customers. Its natural gas utilities serve more than 1.6 million customers.
Canonical asset packet first: fundamentals, macro index exposure, entry value, and active narrative alignment. Driver rows link back to the public index that moved the score.
| Index | Driver | Reason | Weight | Condition | Contribution | As Of |
|---|---|---|---|---|---|---|
| CRSI | Credit Spread Intensity Index | credit spreads | 7% | credit spreads — tailwind Near normal—/100Tailwind +0.43σ | +0.039 | 2026-05-29 |
| RQRI | Risk-Quality Rotation Index | defensive quality | 4% | defensive quality — tailwind Moderate signal—/100Tailwind +0.77σ | +0.033 | 2026-05-29 |
| ETSI | Energy Transition & Storage Index | transition spending | 3% | transition spending — tailwind Moderate signal—/100Tailwind +0.93σ | +0.026 | 2026-05-29 |
Part of Data Center Power & Cooling · adjacent · 5y thesis
AI demand creates a physical constraint chain: sites, transformers, cooling, power purchase agreements, and grid interconnects. Firms that provide or control those constraints sit in a different economic lane from software or semiconductors.
Other assets exposed to the same themes as DUK — a cross-sector view, not a correlation or forecast.
What would make this thesis wrong, and where the near-term downside sits. Plain reads, not forecasts.
Invalidation analysis is deferred to v2 and will use contribution-weighted headwind thresholds.
