Evercore ISI initiated coverage of Xcel Energy (XEL) with an Outperform rating and $92 price target The firm views Xcel as a key beneficiary of the AI/data center build out and has a bullish outlook on the shares given the increasing likelihood of a significant capital plan increase with Q3 results. The firm also sees upside to Xcel’s ROE profile as the company can capture the full benefit of its distribution rider and potential rate case outcome in Colorado.
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