In a series of recent updates, Xcel Energy Inc. (NASDAQ:XEL) reported a return on equity (ROE) of 10%. Notable firms like Mitsubishi UFJ Asset Management, Natixis Advisors, and AGF Management have increased their stock positions in Xcel, indicating investor confidence. However, the company's stock has underperformed on some days compared to its rivals. Investment firms like Wolfe Research and Barclays downgraded Xcel and issued Equal-Weight recommendation respectively. Despite this, the company's Q1 earnings and revenues surpassed estimates, revealing strong business performance.
Substantial ownership by large institutions (79%) underscores trust in Xcel's stability. Ongoing investments and renewable expansion are expected to boost Xcel's growth. However, potential liability from a Texas wildfire has negatively impacted the company's stock prices. Xcel now faces 15 lawsuits over the wildfire. Conversely, the Rockefeller Foundation welcomed Xcel as a new member of its Economic Opportunity Coalition. Striking a balance, Xcel's stocks have shown some robust trading days, and experts expect growth from investments and clean power generation.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 18:00:38 GMT - Rating 1 - Innovation 6 - Information 8 - Rumor -4
