Xcel Energy (XEL) made significant strides seeing a surge in the stock with investment firms like
BMO Capital and
Mizuho upgrading their ratings and raising price targets following hefty financial resettlement. The company reached a settlement of
$640M for the 2021 Marshall wildfire, clearing a considerable legal hurdle thereby instilling confidence in the market. Despite the settlement, some firms such as
Morgan Stanley maintained a hold rating, advocating for a conservative approach.
BofA Securities upholds their Buy recommendation instigating market positivity. Additionally,
Xcel has issued FY 2025 earnings guidance, and major investment firms have increased their shares and stakes further high. Moreover, a large-scale $1.2B stock offering is also under process. This plethora of activities marks their value between $79 to $87 and a consensus target price at $76.80 is expected by analysts. Despite controversial financial news, its second quarter earnings report and reaffirmed ongoing EPS guidance indicate strong strategic growth.
Xcel Energy XEL News Analytics from Fri, 07 Mar 2025 08:00:00 GMT to Sat, 27 Sep 2025 19:17:07 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
