Wells Fargo analyst Neil Kalton raised the firm’s price target on Xcel Energy (XEL) to $78 from $75 and keeps an Overweight rating on the shares. Per management, the lower Q1 EPS results vs. 2024 were consistent with internal expectations, the firm says. Importantly, management affirmed the 2025 guidance range of $3.75-$3.85. Xcel continues to advance the ball on upside generation capex opportunities with more clarity expected over the course of 2025 and 2026. Wells continues to view the Marshall Wildfire trial as a key upcoming catalyst.
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Read More on XEL:
- Xcel Energy Reports Q1 2025 Earnings and Strategic Initiatives
- Xcel Energy: Buy Rating Affirmed Amid Growth Potential and Financial Confidence Despite Short-Term Challenges
- Xcel Energy reports Q1 ongoing EPS 84c, consensus 92c
- Xcel Energy backs FY25 ongoing EPS view $3.75-$3.85, consensus $3.82
- Xcel Energy price target raised to $79 from $78 at Morgan Stanley