Xcel Energy is set to benefit from increasing U.S. electricity demand driven by data centers, industrial expansion, and electrification. The company has a $60 billion capital expenditure plan for 2026–2030 aimed at growing its rate base by 11% annually, supporting an expected 9.6% annual earnings per share growth through 2028. Trading at a forward PE of 19.3, Xcel is considered a quality utility stock with potential 20% upside by 2027 and 11% annual returns through 2031. Risks include reduced wildfire insurance coverage in 2026 and possible regulatory challenges on rate hikes in Colorado and Minnesota.
Xcel Energy Inc. is expected to achieve about 9% annual earnings per share growth through 2030, driven by its $60 billion capital plan and data center contracts. However, the company faces risks from regulatory challenges and affordability concerns, ...
Xcel Energy has signed a groundbreaking electric service deal with Google that shifts the cost of powering Google's 750-megawatt Minnesota AI campus from residential and small-business ratepayers to Google itself. This arrangement is projected to sav...
