
Xcel Energy (XEL) Stock Forecast & Price Target
Xcel Energy (XEL) Analyst Ratings
Bulls say
Xcel Energy is showing promising growth, with an uptick in weather-normalized retail sales for both electric and gas. The firm has not only tightened its 2023 financial projections but has also forecasted strong gains in its 2024-2028 capital plan, projecting an approximate $34 billion total. The company, in-sync with its potential rate base growth, is also expected to recalibrate its long-term EPS growth, providing an optimistic outlook for future earnings growth.
Bears say
Xcel Energy is facing potential downside risks from decreased equity ratios and lower returns at its utilities, which could impact the company's EPS expectations. Concerns have also been raised by commissioners over the company's upsized transmission spending, citing an opportunity to approve lower levels of resources during procurement for the potential reduction in overall project costs. Furthermore, Xcel's shares have seen some modest retracement following a relatively significant outperformance, suggesting some instability in the stock's performance.
This aggregate rating is based on analysts' research of Xcel Energy and is not a guaranteed prediction by Public.com or investment advice.
Xcel Energy (XEL) Analyst Forecast & Price Prediction
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