Hudson Edge Investment Partners Inc., CIBC Asset Management Inc, Van ECK Associates Corp and others have purchased significant shares of Xcel Energy Inc. Additionally, the company's stock has shown market leadership with an increased RS Rating. However, it has underperformed compared to competitors. The stock is favored by institutional investors, who own 79% of the shares. The company has also shown commitment to clean energy. Despite potential liabilities due to wildfires in Texas, and mixed results in quarterly earnings, it continues to attract investment. A lawsuit has been filed alleging that Xcel Energy's utility equipment started a wildfire. The company also seeks a $171 million rate hike in Colorado. The presence of notable institutional investors, such as Calamos Advisors LLC, Rockefeller Foundation, and the Bank of New York Mellon Corp are notable. The company's collaboration with Ford Pro indicates its involvement in expanding EV infrastructure. However, potential risks from lawsuits and wildfires, and fluctuating earnings present significant challenges.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 08 Sep 2024 15:00:06 GMT - Rating 2 - Innovation 4 - Information 7 - Rumor -1
