Latest news with #XcelEnergy
Globe and Mail
a day ago
- Business
- Globe and Mail
Xcel Energy Stock: Is XEL Outperforming the Utilities Sector?
With a market cap of $39.8 billion, Xcel Energy Inc. (XEL) is a leading U.S. utility holding company that provides electricity and natural gas services through its regulated subsidiaries. The company generates electricity from a diverse mix of energy sources, including wind, solar, nuclear, coal, and hydro, and delivers clean energy solutions across eight states. Companies valued at more than $10 billion are generally considered 'large-cap' stocks, and Xcel Energy fits this criterion perfectly. In addition to utility services, Xcel Energy engages in natural gas pipeline development, renewable infrastructure procurement, and investments in non-regulated assets, with a strong focus on clean energy initiatives. Shares of the Minneapolis, Minnesota-based company have dipped 6.8% from its 52-week high of $73.38. Shares of Xcel Energy have fallen marginally over the past three months, underperforming the Utilities Select Sector SPDR Fund's (XLU) 5.8% gain during the same period. Longer term, the utility company's shares have gained 1.3% on a YTD basis, lagging behind XLU's 8.1% rise. However, XEL stock has returned 25.8% over the past 52 weeks, outperforming XLU's 16.7% increase over the same time frame. The stock has been trading above its 200-day moving average since late July last year. Shares of Xcel Energy fell 1.8% on Apr. 24 after the company reported Q1 2025 operating earnings of $0.84 per share, missing the consensus estimate and declining 4.5% year-over-year. Revenues also fell short of expectations at $3.9 billion, despite a 7.1% year-over-year increase. The earnings miss was driven by an 8.7% increase in operating expenses, including higher costs for operations and maintenance, depreciation, and interest. In comparison, Xcel Energy stock has underperformed its rival WEC Energy Group, Inc. (WEC), as WEC stock has returned 35.4% over the past 52 weeks and a 13.1% gain YTD. Due to the stock's outperformance relative to the sector over the past year, analysts are bullish with a consensus rating of "Strong Buy" from 16 analysts. As of writing, XEL is trading below the mean price target of $77.13.
Associated Press
a day ago
- Business
- Associated Press
Go Green Heating & Air Conditioning Urges Colorado Homeowners to Take Immediate Advantage of Heat Pump Incentives
Eligible Residents Can Access Up to $12,000 in Rebates and Tax Credits for Energy-Efficient Upgrades DENVER, CO / ACCESS Newswire / June 19, 2025 / Go Green Heating & Air Conditioning is urging Colorado homeowners to take advantage of financial incentives available for upgrading to high-efficiency heat pump systems. With a robust combination of state, federal, and utility incentives, eligible homeowners may receive up to $12,000 in rebates and tax credits toward the installation of a qualifying system. The available incentives include: Incentive and rebate amounts referenced are maximums and may vary based on system type, size, contractor, and household eligibility. All incentive programs are subject to change, and funding is limited. For the most accurate and up-to-date information, please consult the Colorado Energy Office, Xcel Energy, or the IRS. Strategic Importance for Colorado's Energy Future These rebate programs support larger statewide efforts to cut residential emissions and promote energy-efficient technologies. By upgrading to high-efficiency heat pumps, Colorado homeowners have the opportunity to decrease their energy use, lower utility costs, and support Colorado's environmental and sustainability targets. Technical and Financial Advantages of Heat Pumps Heat pumps offer a dual function, heating and cooling from a single system. This technology is particularly well-suited to Colorado's climate, thanks to modern advancements that maintain efficiency even during colder months. For homeowners, the benefits extend beyond utility savings. High-efficiency systems may increase property values and appeal to environmentally conscious buyers. Go Green Heating & Air Conditioning, based in Denver and recognized as an approved Xcel Trade Partner, assists homeowners in identifying eligible systems, navigating rebate requirements, and coordinating compliant installations. Interested readers can learn more by visiting About Go Green Heating & Air Conditioning Go Green Heating & Air Conditioning is a Denver-based HVAC company focused on top-rate service, technical precision, and long-term value. Recognized as a Gold Star Award Winner and maintaining an A+ rating with the Better Business Bureau of Colorado, Go Green is N.A.T.E. Certified and committed to honest pricing and customer satisfaction. Contact InformationZachary Whiteley Go Green Heating & Air Conditioning 303-919-9292 SOURCE: Go Green press release
Yahoo
a day ago
- Business
- Yahoo
Xcel Energy price target lowered to $77 from $78 at Morgan Stanley
Morgan Stanley lowered the firm's price target on Xcel Energy (XEL) to $77 from $78 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on XEL: Disclaimer & DisclosureReport an Issue Xcel Energy Appoints New Chief Legal Officer Xcel Energy names Ryan Long chief legal and compliance officer Trump Trade: U.S. President says China getting 10% tariffs in 'done' deal Trump set to scrap Biden-era power-plant pollution curbs, Bloomberg says Xcel Energy Shareholders Approve Board and Compensation Plans
Business Wire
4 days ago
- Business
- Business Wire
Xcel Energy Names Ryan Long Executive Vice President and Chief Legal and Compliance Officer
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy announced today Ryan Long as the company's executive vice president and chief legal and compliance officer, effective immediately. Long, currently president of Xcel Energy – Minnesota, North Dakota and South Dakota, takes over the role held by Rob Berntsen, who accepted a position outside the company. 'Ryan has an extensive legal background as well as demonstrating tremendous leadership in strategic planning, operational considerations and financial results in his current role as president,' said Bob Frenzel, Xcel Energy's chairman, president and CEO. 'His legal acumen and jurisdictional expertise are critical assets as we make energy work better for customers. Ryan's counsel to me, the Xcel Energy leadership team and the Board of Directors is invaluable.' Long will oversee Xcel Energy's legal, compliance, and federal affairs teams. He previously served as interim general counsel in late 2023 and early 2024. Long will continue to oversee the Minnesota, North Dakota, and South Dakota jurisdiction as the company conducts an internal and external search for the next president for this operating company. Long joined Xcel Energy as a principal attorney in late 2015 and was named vice president, deputy general counsel, in May 2021, managing the Federal and State Regulatory, Environmental and Real Estate legal teams. He previously worked as a lawyer for Faegre Baker Daniels, now known as Faegre Drinker Biddle & Reath in Minneapolis and Cravath, Swaine & Moore in New York City. Long currently serves on the board of directors of the Guthrie Theater in Minneapolis. About Xcel Energy Xcel Energy (NASDAQ: XEL) is a leading energy provider, dedicated to serving millions of customers with excellence. We make energy work better for customers, helping them thrive every day. That means always raising the bar — delivering better service and providing more reliable, resilient and sustainable energy. We are committed to leading the clean energy transition, meeting our customers' need for more, cleaner power, while keeping bills as low as possible. Because the people we serve depend on us to power their lives. Headquartered in Minneapolis, we work every day to generate and distribute electricity and gas to customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico, and Texas. For more information, visit or follow us on X, and Facebook.
Yahoo
11-06-2025
- Climate
- Yahoo
Thousands without power Tuesday night in Denver metro: Xcel Energy
DENVER (KDVR) — Thousands of residents in the Denver metro area were without power on Tuesday night, but the reason was unknown. According to the Xcel Energy outage map, almost 12,000 customers in the Denver metro area were without power at about 10 p.m. on Tuesday night. FOX31 Newsletters: Sign up to get breaking news sent to your inbox The company had not made any statements about the outage on its social media pages as of the time of publication. The majority of the outage was located in the northwestern area of the Denver metro, including Arvada, Wheat Ridge and Lakewood. FOX31 has reached out to Xcel for information on this outage and has not yet received a reply. However, the National Weather Service had recorded some wind gusts up to 36 mph in the area. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
