Xcel Energy poised for AI-driven growth with stable earnings and major clean energy deals.

Xcel Energy is positioned to benefit from increased energy demand driven by AI, supported by stable revenues and strong earnings growth. The company plans aggressive capital expenditures to expand its rate base to $94 billion by 2030, aiming for higher returns and long-term earnings visibility. Recent moves include extending nuclear plant lifespans and securing major clean energy contracts, notably with Alphabet, enhancing its role as a key energy supplier for data centers. These factors contribute to a positive outlook with a forward yield of 3.11%, making Xcel Energy a buy recommendation.