Xcel Energy rises after brokerages raise PT

Xcel Energy

07/02/2025 15:27

** Shares of Xcel Energy  XEL.O  rise ~1% to $67.71
    ** Brokerage BMO Capital Markets raises PT to $69 from $67,
maintains "market perform" rating
    ** XEL on Thursday missed Q2 profit estimates but reaffirmed
2025 profit forecast range of $3.75 to 3.85 per share
    ** BMO says the earnings trajectory for the company is
unchanged, including the "2026 inflection point where we expect
to start seeing higher growth"
    ** XEL's commentary around additional data center contracts
and underlying economic development in its service territories
should support a robust capital plan update and forward earnings
outlook, BMO adds
    ** Brokerage Wells Fargo also raises PT to $75 from $72
    ** 12 of 17 brokerages that cover the stock rate it "buy" or
higher and five "hold"; their median PT is $73 - LSEG data
    ** In 2024, stock rose 9.1%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))