Tiger Brokers

BUZZ-Xcel Energy rises after brokerages raise PT

Reuters
Feb 07, 2025
BUZZ-Xcel Energy rises after brokerages raise PT

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10