Xcel Energy Inc has been underperforming compared to Nasdaq, but still holds potential for investors. The company's board has declared and maintained a firm dividend program contributing towards its attractiveness. Its bonds saw a massive response from investors, while financial groups took advantage of its stock position. Xcel is set to grow dividends showing promise for long-term investors. The company raised capital via a successful stock, boosting its financial stability. Being bullish, analysts predict a 6.60% upside and strong dividend growth. They're also pursuing clean energy goals and tried utilising AI Technology for wildfire detection. However, its Q3 2024 results missed expectations and the company saw a slash in revenue of 7.2%. Their stock is in a forward sale and dividends are still on the rise. The report brings a close with a glimpse into Xcel's Q3 Earnings call. Finally, Xcel's strategic move towards renewable investments further stabilises its portfolio, making its future appear bright.
Xcel Energy XEL News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 21 Dec 2024 11:40:00 GMT -
Rating 4
- Innovation 3
- Information 6
- Rumor 0
