Xcel Energy Inc. (NASDAQ:XEL) has experienced a huge surge in short interest and its price target has been raised to $78 from $74 at Mizuho. Despite mixed investment outlooks, Xcel is viewed as a potential dividend aristocrat in the making. The company has recently surpassed Q2 earnings estimates, resulting from strong EPS growth and strategic investments. With its recent growth narrative linked to strong earnings and a major expansion, its Board has declared a dividend on common stock, reflecting improved relative strength. Amid challenges, Xcel has managed to increase its customer base, albeit with sales miss. Xcel's Q2 earnings surge is attributed to massive infrastructure investments, resulting in record growth. Major asset purchases of Xcel shares have been made by LPL Financial LLC and Federated Hermes Inc. The company, amidst strong demand and controlled costs continues to make strategic infrastructure investment. Given the latest advance in Q2 income and positive earnings estimates, it is considered a potential buy. Regulatory challenges persist, however the company's strategic moves towards modernization in Transmission Interconnection depicts technological progression and commitment towards clean energy.
Xcel Energy XEL News Analytics from Tue, 21 Jan 2025 08:00:00 GMT to Sat, 02 Aug 2025 18:16:58 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
