Mizuho raises PT on Xcel Energy

Xcel Energy

24/09/2025 14:23

** Mizuho raises price target on U.S. utility Xcel Energy XEL.O to $80 from $78; reiterates "outperform" rating

     ** New price target represents 9.5% upside to stock's last close

     ** Xcel faces lawsuits in Texas over the Smokehouse Creek fire in 2024 and in Colorado over the Marshall fire in 2021

** Brokerage expects limited financial overhang from Smokehouse Creek fire, citing favorable Texas legal environment and insurance coverage up to $500 million

** "We believe there is a high bar for a jury to rule unanimously that XEL equipment caused the Marshall fire and the utility was negligent," Mizuho says

** 11 of 15 brokerages rate stock "buy" or higher, 4 "hold"; their median PT is $80 - data compiled by LSEG

** Up to last close, stock up 8% YTD

 (Reporting by Dharna Bafna)

 ((Dharna.bafna@thomsonreuters.com))