icon
0%

Xcel Energy XEL - News Analyzed: 3,875 - Last Week: 100 - Last Month: 500

β†— Mixed Fortunes For Xcel Energy Amid Earnings Misses, Valuable Collaborations, And Wildfire Allegations

Mixed Fortunes For Xcel Energy Amid Earnings Misses, Valuable Collaborations, And Wildfire Allegations

Facing earnings misses, low revenues and the impact of extensive debt, Xcel Energy's (NASDAQ:XEL) shares have fluctuated recently. These conditions have not deterred investing giants however, with Janus Henderson Group PLC, Virtu Financial LLC, Avantax Advisory Services Inc. and Vanguard Group Inc. holding or buying shares. Notably, Xcel declared dividends on common stock multiple times, also announcing an increase on one occasion. The firm's Q2 2024 earnings call highlighted their strong EPS growth and strategic investments. Several parties domestically and internationally have adjusted their holdings following reports of earnings results and revenue estimates. Meanwhile, a lawsuit alleges that Xcel's equipment started a Texas wildfire, potentially increasing liability. Strategic business moves include a collaboration with Ford Pro to install 30,000 EV charging ports by 2030, and the appointment of a new executive VP and chief legal and compliance officer. The company's shares remain attractive, receiving a 'Moderate Buy' consensus rating from analysts.

Xcel Energy XEL News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Sun, 04 Aug 2024 18:59:40 GMT - Rating 2 - Innovation -3 - Information 5 - Rumor 0

The email address you have entered is invalid.