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Stock impact report

Xcel Energy Benefits From Investments & Expanding Customer Base [Yahoo! Finance]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: Yahoo! Finance
The company's consistent customer base growth acts as a tailwind. However, this Zacks Rank #3 (Hold) company faces risks related to the failure of transmission and distribution lines. Xcel Energy continues to invest substantially in its utility assets to provide reliable services and effectively meet the rising electricity demand. It aims to spend $45 billion during the 2025-2029 period. These investments are aimed at strengthening and expanding its transmission, distribution, electric generation and renewable projects. Xcel Energy is focusing on clean-energy transition. After completing six wind projects with 1.5 GW capacities in 2020, the company completed four wind farms, adding another 800 megawatts (MW) of clean energy generation. It received regulatory approval for the Minnesota resource plan, which includes the closing of coal plants like the A.S. King Plant by 2028 and Sherco 3 by 2030. The high-quality and reliable services provided by the company attract new customer Show less Read more
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