Investment firms have shown varied activity in Xcel Energy Inc. (NASDAQ:XEL) stock with Wells Fargo boosting their price target to $75.00, abrdn plc and GEN Financial Management INC increasing their stake, while Jennison Associates LLC and Asset Dedication LLC reduced their holdings. Q4 earnings and revenues fell short of expectations, attributed to increased maintenance costs. Despite this, the company has reaffirmed its 2025 guidance and is focusing on grid modernization. Further investment plans indicate a commitment to clean energy, with a notable project involving infrastructure fortified using AI to detect wildfires. FY25 EPS guidance remains steady.
The company's financial standing has attracted interest, with Xcel Energy securing $1.18 billion in a significant stock offering that expanded its capital position. They also announced the pricing and upscaling of its cash tender offers, drawing massive investor response. Xcel Energy's commitment to renewable investments continues as its Monticello Nuclear Plant gained federal approval to extend operations.
Despite earnings missing analyst expectations, Xcel Energy's share performance showed a promising return of 23% over the last year, reinforcing the company's strong financial performance in 2024.
Xcel Energy XEL News Analytics from Mon, 12 Aug 2024 07:00:00 GMT to Sat, 08 Feb 2025 14:51:47 GMT - Rating 5 - Innovation 3 - Information 7 - Rumor 3
