Duke Energy is one of the largest U.S. utilities, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to 8.2 million customers. Its natural gas utilities serve more than 1.6 million customers.

This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.

Over the past few years, utilities in the United States have been transforming their electricity product mixes from carbon-based sources toward cleaner and greener sources. Last year, fossil fuels accounted for 60% of electricity generation, according to the U.S. Energy Information Administration (EIA). That's down from 63% in 2019. The share of renewable energy continues to grow, with wind, hydropower, and photovoltaic solar energy leading the charge. The EIA is projecting record-high energy demand in 2024 and 2025 and an increasing share for renewable energy. A major catalyst for growing energy demand is growth in data centers, and the EIA forecasts that about one-third of future global energy demand is expected to come from data centers. Renewable energy will become essential to both power data centers and help companies achieve clean-energy commitments. We have analyzed the sources of electricity generation for the Utilities sector companies in Argus coverage. Here is a list of some of the top clean-energy producers, and each of these stocks is on the Argus BUY List.

This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.