Xcel Energy (XEL) recorded an underperformance in both Q4 earnings and revenues, falling behind estimates due to increased maintenance expenses. Despite this, some suggest the time is ripe to buy this undervalued utility, pointing out its potential in the energy market. Several asset management firms such as
Sumitomo Mitsui Trust Group,
abrdn plc, and
GEN Financial Management INC. have increased their stake in Xcel Energy. However, it has been reported that
Mirae Asset Global Investments Co. and
Asset Dedication LLC have reduced their positions.Shares of Xcel Energy declined by 5.47% on January 10, potentially causing some concern among investors. The company reaffirmed its FY25 EPS guidance and committed to Grid Modernization. A notable move came as the firm elected
Devin Stockfish, the CEO of Weyerhaeuser, to the board of directors in 2024. The company has also been noted as actively driving forward clean energy goals and made significant investments in renewable sectors. However, unmet revenue projections pose questions regarding the company's near-term financial performance.
Xcel Energy XEL News Analytics from Mon, 12 Aug 2024 07:00:00 GMT to Wed, 12 Feb 2025 20:49:35 GMT -
Rating -2
- Innovation 3
- Information 6
- Rumor 1
