Duke Energy Corp (DUK)

[Sloth97]

Good Morning all. First post but I've been following Duke for a while. Big numbers in the near future for Duke with the rollout of the smart grid. Duke has three agreements with the largest Chinese energy companies to help implement their smart grid. China has 1.3 billion people. Now with the merger of Progress Energy, Duke will have a larger customer base to implement the smart grid here in the U.S.. The CEO of Cisco stated that "The Smart Grid May Be "1,000 times larger than the Internet". This is a monumental project that will make companies very rich.
http://www.greenbiz.com/blog/2009/06/23/cisco-smart-grid-may-be-1000-times-larger-internet

Duke Energy is a customer of Ambient Corp who supplies their X-3100 Nodes for the smart grid. It's basically one of the backbones of Duke's system for the grid. Duke also uses Echelon. They've been working together for years and all reviews of the system are very positive.

Ambient's 10k was just released to show their growth. Duke is Ambient's only customer to date so these numbers indicate Duke's growth as well and where these companies are heading.

10K Highlights:

2010 v. 2009

Gross Revenue:
$20,358,040 - $2,193.338 (928% increase)

Gross Profit:
$8,334,708 - $356,792 (2,336% increase)

Gross Profit on Product Sales:
$11,177,367 - $291,431 (3,835% increase)

Overall Gross Margins:
41% - 16% (256% increase)

CASH AND CASH EQUIVALENTS - END OF YEAR
$6,986,881 - $987,010 (708% increase)

Cash balances totaled $6,986,881 at December 31, 2010 and $987,010 at December 31, 2009. As of February 21, 2011, we have approximately $7,494,525 cash on hand.

Additional $507,644 in 52 days.