The last few months have seen
Xcel Energy Inc (NASDAQ:XEL) under a microscope. An expectation to beat earnings estimates is considered good news but the utility infrastructure company's shares were sold by institutions such as
Canada Pension Plan Investment Board and
Toronto Dominion Bank. The company's stocks were simultaneously bought by firms like
Avantax Advisory Services, Natixis, Vanguard Group, Duality Advisers, and Oppenheimer & Co. Despite recent pullbacks and a strained balance sheet, Xcel continues to gain from investments and renewables expansion. However, concerns over its role in the Texas wildfire have caused a dip in stock. Notwithstanding the wildfire risks, the firm is being perceived as a potential bargain. While some insider sellers might have regreted selling off shares, others have taken new positions.
ProShare Advisors grew their position and
Ford Pro & Xcel Energy announced a massive EV charging ports installation plan.
Susquehanna Fundamental Investments acquired a large number of shares despite potential wildfire liability. After missing earnings expectations for full year 2023, the company's stock outperformed competitors despite daily losses. The firm continues its progress in achieving carbon reduction goals and has announced plans for over 4GW of renewables and storage in the US Midwest.
Xcel Energy XEL News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Sun, 28 Jul 2024 13:55:51 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -3
