Xcel Energy (XEL) has been at the center of multiple news events. The company's Q3 earnings and revenues marginally missed estimates, despite Q3 profit being healthy and the declaration of a new $45B capex plan. This upgrade was predicted by Jefferies which changed its rating from Hold to Buy. Meanwhile, investment firm abrdn plc bought 33,752 shares of the company. In another financial update, Xcel's FY 2025 earnings guidance were issued. The KeyCorp forecasts showed strong price appreciation for Xcel's stock, with a price target raised to $74 from $69. Xcel's clean energy goals and drive forward were also highlighted, with renewable investments cited as a key strength. The company's Q2 earnings and revenues also fell short of estimates. Another noticeable update was the launch of a $45 bln investment plan and a dividend declaration on common stock. Analysts perceive Xcel as a moderate buy, and the stock also hit a 52-week high amid market rally. Doubts, however, rose over the Hydrogen Heartland Hub as Xcel revised its plans. Despite potential wildfire liabilities, Xcel's core holdings remain attractive. The company is also renowned for achieving carbon reduction goals.
Xcel Energy XEL News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sat, 02 Nov 2024 10:52:23 GMT -
Rating 4
- Innovation 3
- Information 2
- Rumor 4