Jefferies raises PT on Xcel Energy

Xcel Energy

05/09/2025 12:46

** Brokerage Jefferies raises price target of U.S. utility Xcel Energy XEL.O to $84 from $80

** New PT represents upside of 16.2% to stock's last close

** Jefferies views XEL as a compelling large-cap utility with top-tier growth

** Brokerage increases load growth expectations to 5% from 3%, driven by "diversified pipeline of data center projects along with oil and gas electrification trends"

** Sees further expansion as XEL executes its utility growth strategy and manages risks

** 11 of 16 brokerages rate the stock "buy" or higher, 5 "hold; their median PT is $78 - data compiled by LSEG

** Up to last close, stock up ~7% YTD

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))