Xcel Energy Inc. (NASDAQ:XEL) is currently receiving an average rating of 'Moderate Buy' from analysts. The company benefits from
investment efforts and
expanding customer base. Recently, it powered up the first phase of the 710MW Minnesota solar complex. However,
Morgan Stanley lowered their price target from $74 to $72. In response to the
stock market updates and
pricing of common stock offering announced by the company, Argus raised their price target from $68 to $78. Third Quarter 2024 earnings missed expectations. Analysts are bullish on the stock, citing
6.60% Upside and incident of strong
dividend growth. Despite this, concerns have been raised as rates of return at Xcel Energy are slowing down and there is a revenue miss of 7.2% short of analyst revenue estimates. Despite the noted slowdown, Xcel recently launched a
$1.2B stock offering and
raises $1.18B in a major stock offering. The positive note on this being the company's drive to advance its clean energy goals, catapulting the price target for its shares.
Xcel Energy XEL News Analytics from Tue, 30 Jul 2024 07:00:00 GMT to Sat, 23 Nov 2024 18:05:24 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor -2
