Xcel Energy (XEL) continues to feature prominently in market trends and investor conversations. Investor interest revolves around the clean energy goals the company upholds. The utility firm has made significant strides to realise these objectives, driving its place in many watchlists. Despite this, concerns persist over the company's revised plans for the Hydrogen Heartland Hub. However, Xcel's stock represents a dividend growth opportunity and is presently on sale. Meanwhile, some shareholders consider an exit due to perceived weighing down of returns. While concerns surround underperformance against the S&P 500 and Q2 earnings and revenue estimates, Xcel Energy's commitment to renewable investments remains clear. Xcel continues to be a popular choice among institutional investors, holding 79% ownership of shares. Despite potential wildfire liabilities, the outfit's core holdings remain attractive. Even with reductions in stock positions and underperforming market competitors, the company received a consensus recommendation of 'Moderate Buy' from brokerages. In terms of earnings growth, Xcel fulfills standard criteria, though risks are recognized in its share price. Analyst upgrades have led to new 1-Year highs, even as EPS and Revenue for Q2 of 2024 missed estimates. Finally, Xcel Energy's strategy to drive carbon reduction goals while contending with potential risks, such as wildfire liabilities and rate hikes, point to a challenging but potentially rewarding future.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sat, 12 Oct 2024 10:56:17 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor -3
