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Stock impact report

Why Did Analysts Give Xcel Energy Inc. (XEL) a Moderate Buy Rating? [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
You can also check out the 20 States With the Most Expensive Electricity In The US here. The power and utilities industry in 2023 saw mixed outcomes. Despite a % year-on-year drop in natural gas prices for power generation, customer bills went up by 1.9%. This increase was due to record-breaking investments of nearly $171 billion in grid modernization and decarbonization efforts, along with rising interest rates. Overall, electricity sales dipped slightly by 1.2% year-on-year (YoY). Looking ahead to 2024, the outlook for clean energy is bright. Forecasts predict stable electricity prices alongside a 2% growth in sales. This growth is fueled by a rise in clean energy investment, from both utility companies and the government. Investments are being directed towards renewable energy generation, with solar expected to double in capacity in 2024. The U.S. Energy Information Administration ( EIA ) forecasts a significant year for solar power, with utilities planning a 30% increase in Show less Read more
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