Xcel Energy (XEL) has seen varied performance over recent times. Analysts show bullish sentiment with a projected 6.60% upside and strong dividend growth. The company is expected to outperform its average 10% return on equity and has issued its fiscal year 2024 earnings guidance. Institutional investors, making up nearly 79% of the ownership, are noticeably impressed with Xcel's renewable investments. However, the company underperformed compared to its competitors on several occasions. There's a mixed reaction considering Xcel's recent Q2 earnings and revenues lagging estimates. Yet, on an encouraging note, the company demonstrates favorable EPS growth and strategic investments. However, concerns arise from potential wildfire liability in Texas and an ensuing lawsuit. Consequently, share price fell but recovered following an analyst upgrade. Despite this, Xcel continuously progresses towards clean power generation and carbon reduction goals. The company's executive sold over $121k in company stock. Going forward, it's crucial to see how potential hazards such as legal investigations and operational challenges influence Xcel's financial health and investor confidence.
Xcel Energy XEL News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Fri, 18 Oct 2024 23:19:33 GMT -
Rating 3
- Innovation 2
- Information 2
- Rumor 1
