Xcel Energy

XEL · NASDAQ

$76.68+$1.54 (+2.05%)TodayMarket closed · Oct 20, 7:45 PM ET

Prev close $75.14

XEL analyst rating

BuyConsensus of 11 analysts over the last 12 months. 91% rate it a buy.

Strong buy0
Buy10
Hold1
Underperform0
Sell0

12-month price target · 20 analysts

Average $92.13 (+20.1% upside)

Low: $76.23
Now: $76.68
High: $106.05

Upgrades and downgrades

The latest rating actions, newest first

XEL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Oct 20, 2026	Maintains	Outperform	$91.00 → $86.00	59%
Barclays	Oct 15, 2026	Maintains	Overweight	$90.00 → $85.00	51%
Truist Securities	Oct 14, 2026	Maintains	Buy	$88.00 → $87.00	42%
Keybanc	Oct 13, 2026	Maintains	Overweight	$90.00 → $87.00	53%
Scotiabank	Sep 29, 2026	Initiates	Sector Outperform	$77.00	88%
Morgan Stanley	Sep 18, 2026	Maintains	Equal-Weight	$89.00 → $83.00	52%
Morgan Stanley	Aug 21, 2026	Maintains	Equal-Weight	$92.00 → $89.00	52%
Truist Securities	Aug 13, 2026	Maintains	Buy	$94.00 → $88.00	42%
BMO Capital	Jul 22, 2026	Maintains	Outperform	$95.00 → $92.00	59%
JP Morgan	Jul 16, 2026	Maintains	Overweight	$91.00 → $102.00	57%

The case for and against

Updated Jul 24, 2024

Bull case

Xcel Energy is showing promising growth, with an uptick in weather-normalized retail sales for both electric and gas. The firm has not only tightened its 2023 financial projections but has also forecasted strong gains in its 2024-2028 capital plan, projecting an approximate $34 billion total. The company, in-sync with its potential rate base growth, is also expected to recalibrate its long-term EPS growth, providing an optimistic outlook for future earnings growth.

Bear case

Xcel Energy is facing potential downside risks from decreased equity ratios and lower returns at its utilities, which could impact the company's EPS expectations. Concerns have also been raised by commissioners over the company's upsized transmission spending, citing an opportunity to approve lower levels of resources during procurement for the potential reduction in overall project costs. Furthermore, Xcel's shares have seen some modest retracement following a relatively significant outperformance, suggesting some instability in the stock's performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.