Recent developments around
Xcel Energy (NASDAQ:XEL) indicate a noteworthy level of interest from various investors and institutions.
Jennison Associates LLC and
Victory Capital Management Inc. have significantly large holdings in Xcel Energy, indicating strong institutional trust. Despite missing Q1 earnings and revenue estimates, the energy utility company has seen a rise in its trading volume, reaching a $250 million day, showing high market activity. Xcel Energy's resource planning is advancing with key regulatory approvals from the New Mexico Public Regulation Commission, and it is making significant strides in the area of clean energy with the launch of a massive 5,168MW clean energy portfolio. There are further expansion plans in Texas and New Mexico. Alongside,
AI Data-Center Play is a promising venture in the light of expected surge in regional demand. The company has also raised its common dividend by 4.1% and is continuing its transition towards renewable energy. However, it also carries a perceptible level of debt and is experiencing certain operational challenges with higher maintenance costs.
Xcel Energy XEL News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Sat, 19 Jul 2025 11:38:58 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor 3
