Ultime notizie per Xcel Energy (NASDAQ:XEL) Azioni

Xcel Energy

NYSE

Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US with more than half of its electricity sales coming from carbon-free energy.

Xcel Energy Inc.

Xcel Energy Inc

Exela Technologies Inc

Exela Technologies, Inc. - 6.00% Series B Cumulative Convertible Perpetual Preferred Stock

Xcel Brands Inc

XCEL ENERGY ORD

As of Oct. 2, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</h3>
<ul>
<li>On Aug. 7, NiSource posted better-than-expected quarterly earnings. "During the second quarter NiSource placed the Cavalry Solar &amp; Storage project into service and reported strong earnings results, executing our investment plan and delivering consistent shareholder returns," said NiSource President and CEO, Lloyd Yates. The company's stock gained around 5% over the past month and has a <a href="https://www.benzinga.com/quote/NI">52-week high of</a> $35.10.</li>
<li>RSI Value: 77.81&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NI Price Action: Shares of NiSource gained 0.5% to close at $34.83 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Xcel Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>)</h3>
<ul>
<li>On Sept. 30, Keybanc analyst Sophie Karp maintained Xcel Energy with an Overweight and raised the price target from $66 to $69.. The company's stock gained around 4% over the past month and<a href="https://www.benzinga.com/quote/XEL"> has a 52-week high</a> of $65.64.</li>
<li>RSI Value: 74.71</li>
<li>XEL Price Action: Shares of Xcel Energy fell 0.03% to close at $65.32 on Tuesday.</li>
</ul>
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Top 2 Utilities Stocks That May Collapse In Q4

Keybanc analyst Sophie Karp maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and raises the price target from $66 to $69.

News

Price Target

Analyst Ratings

Keybanc Maintains Overweight on Xcel Energy, Raises Price Target to $69

Morgan Stanley analyst Stephen Byrd maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Equal-Weight and raises the price target from $68 to $73.

Morgan Stanley Maintains Equal-Weight on Xcel Energy, Raises Price Target to $73

UBS analyst Ross Fowler maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Neutral and raises the price target from $66 to $67.

UBS Maintains Neutral on Xcel Energy, Raises Price Target to $67

Jefferies analyst Paul Zimbardo initiates coverage on Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Hold rating and announces Price Target of $70.

Initiation

Jefferies Initiates Coverage On Xcel Energy with Hold Rating, Announces Price Target of $70

Pampa Energia S.A.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) strategic investments continue to maintain asset quality and help expand its generation portfolio. The company benefits from its efforts to expand its operations in the generation, transmission and distribution of electricity in Argentina. Given its strong growth, PAM makes for a solid investment option in the utility sector.
Let&#39;s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment option at the moment.
<h2>PAM&#39;s Growth Projections &amp; Surprise History</h2>
The Zacks Consensus Estimate for Pampa Energia&#39;s 2024 earnings per share has moved up 20.6% to $9.54 in the past 60 days.
The Zacks Consensus Estimate for 2024 sales is pinned at $1.88 billion, indicating year-over-year growth of 8.5%.
The company delivered an average earnings surprise of 62% in the past four quarters.
<h2>PAM&#39;s Return on Equity (ROE)</h2>
ROE indicates how efficiently a company has been utilizing its funds to generate higher returns. Currently, Pampa Energia&#39;s ROE is 12.59%, higher than the industry&#39;s average of 10.34%. This indicates that the company has been utilizing its shareholders&#39; funds more constructively (to generate income) than its peers in the electric power utility industry.
<h2>PAM&#39;s Debt Position</h2>
Currently, PAM&#39;s total debt to capital is 34.73%, better than the industry&#39;s average of 60.86%.
The time-to-interest earned ratio at the end of the second quarter of 2024 was 2.8. The ratio, being greater than one, reflects the company&#39;s ability to meet future interest obligations without difficulties.
<h2>PAM&#39;s Liquidity</h2>
Its current ratio of 2.33 is better than the industry&#39;s average of 0.85. A current ratio greater than one indicates that the company has enough short-term assets to liquidate for covering all short-term liabilities, if necessary.
<h2>PAM&#39;s Focus on Clean Power Generation</h2>
Since 2018, Pampa Energia has been actively developing wind energy, establishing itself as one of Argentina&#39;s leading renewable energy companies. It continues to add more renewable power through inorganic growth and development of MAT ER projects. During the second quarter of 2024, the company&#39;s net power generation was 5,067 gigawatt-hour, including hydro, wind and thermal.
Its PEPE VI project is expected to add 140 megawatts&nbsp;of wind power. The total completion is expected by October 2024. PAM&#39;s investment of more than $250 million should bring its total installed wind power capacity to 427 MW, positioning it as one of the country&#39;s leading renewable power producers.
<h2>PAM&#39;s Stock Price Performance</h2>
In the past three months, Pampa Energia&#39;s shares have risen 31% compared with the industry&#39;s 12% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1a/77836.jpg?v=330926510" />
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
A few other top-ranked stocks from the same industry are DTE Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), Evergy (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evrg#NASDAQ">EVRG</a>) and Xcel Energy (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xel#NASDAQ">XEL</a>), each carrying a Zacks Rank #2.
DTE&#39;s long-term (three to five years) earnings growth rate is 8.14%. The Zacks Consensus Estimate for 2024 EPS implies a year-over-year increase of 16.9%.
EVRG&#39;s long-term earnings growth rate is 5.85%. The Zacks Consensus Estimate for 2024 EPS implies year-over-year growth of 8.8%.
XEL&#39;s long-term earnings growth rate is 6.39%. The company delivered an average earnings surprise of 0.7% in the past four quarters.
<a href="https://www.zacks.com/stock/news/2336324/reasons-to-add-pampa-energia-stock-to-your-portfolio-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336324">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Latin America

Mid Cap

Markets

Trading Ideas

EVRG

Reasons to Add Pampa Energia Stock to Your Portfolio Right Now

Keybanc analyst Sophie Karp maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and raises the price target from $65 to $66.

Keybanc Maintains Overweight on Xcel Energy, Raises Price Target to $66

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/63567a3c2048c3000156c108/eric-cohen">Gordon Haskett analyst Eric Cohen</a> upgraded the rating for Ollie&#8217;s Bargain Outlet Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) from Accumulate to Buy and raised the price target from $105 to $107. Ollie&#8217;s Bargain shares closed at $98.89 on Friday.<a href="https://www.benzinga.com/quote/OLLI/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Christopher Horvers upgraded BJ&#8217;s Wholesale Club Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) from Underweight to Neutral, while raising the price target from $76 to $78. BJ&#8217;s Wholesale shares closed at $82.77 on Friday. <a href="https://www.benzinga.com/quote/BJ/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ca96e1b85e930001f446ce/gary-hovis">Argus Research analyst Gary Hovis</a> upgraded the rating for Xcel Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Hold to Buy and announced a price target of $68. Xcel Energy shares closed at $60.12 on Friday. <a href="https://www.benzinga.com/quote/XEL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo analyst James Feldman upgraded Camden Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>) from Underweight to Equal-Weight and boosted the price target from $104 to $127. Camden Prop Trust shares settled at $122.60 on Friday. <a href="https://www.benzinga.com/quote/CPT/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64d204a0a2d7e70001a19db1/andy-chen">Wolfe Research analyst Andy Chen</a> upgraded the rating for Kymera Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KYMR#NASDAQ">KYMR</a>) from Peer Perform to Outperform and announced a price target of $65. Kymera Therapeutics shares closed at $47.78 on Friday. <a href="https://www.benzinga.com/quote/KYMR/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BJ stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="565" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26084526/image-248-1024x565.png" alt="" class="wp-image-513577" style="width:594px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26084526/image-248-1024x565.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26084526/image-248-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26084526/image-248-768x423.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26084526/image-248.png 1306w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Upgrades

Pre-Market Outlook

KYMR

OLLI

This BJ's Wholesale Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday

Argus Research analyst Gary Hovis upgrades Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Hold to Buy and announces $68 price target.

Argus Research Upgrades Xcel Energy to Buy, Announces $68 Price Target

Morgan Stanley analyst Stephen Byrd maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Equal-Weight and raises the price target from $62 to $68.

Morgan Stanley Maintains Equal-Weight on Xcel Energy, Raises Price Target to $68

The Nasdaq 100 closed lower by over 0.2% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EVP &amp; Chief Financial Officer Stuart Canfield <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,260 shares </a> at an average price of $148.37. The insider received around $186,950 from selling those shares.</li>
<li>What's Happening: On July 30, Electronic Arts reported first-quarter net bookings of $1.26 billion, down from $1.58 billion in last year&#8217;s first quarter total of $1.58 billion, according to data from Benzinga Pro.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"> latest EA news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175.png" alt="" class="wp-image-505444" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175-768x708.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">M&amp;T Bank</h3>
<ul>
<li>The Trade: M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) Director Kirk W Walters <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,407 shares </a> at an average price of $24.60. The insider received around $231,412 from selling those shares.</li>
<li>What's Happening: On Aug. 15, Wells Fargo analyst Mike Mayo downgraded M&amp;T Bank from Equal-Weight to Underweight and lowered the price target from $170 to $165.</li>
<li>What M&amp;T Bank Does: M&amp;T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"> trend in MTB stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176.png" alt="" class="wp-image-505448" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176-768x709.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Xcel Energy</h3>
<ul>
<li>The Trade: Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) SVP, Strategy and External Aff Frank P Prager <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,041 shares</a> at an average price of $59.50. The insider received around $121,440 from selling those shares.</li>
<li>What's Happening: On Aug. 1, Xcel Energy posted downbeat quarterly results.</li>
<li>What Xcel Energy Does: Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 million natural gas customers in eight states. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1">breakout in XEL shares.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="885" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177.png" alt="" class="wp-image-505450" style="width:662px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177.png 885w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177-768x726.png 768w" sizes="(max-width: 885px) 100vw, 885px" /></a></figure>
<h3 class="wp-block-heading">Home Depot</h3>
<ul>
<li>The Trade: The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) SVP-Finance, CAO &amp; Controller Kimberly R Scardino <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,700 shares</a> at an average price of $363.00. The insider received around $617,100 from selling those shares.</li>
<li>What's Happening: On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion.</li>
<li>What Home Depot Does: Home Depot is the world&#8217;s largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the US, Canada, and Mexico.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming H<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1">D&#8217;s earnings reports</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="872" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178.png" alt="" class="wp-image-505453" style="width:607px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178.png 872w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178-768x724.png 768w" sizes="(max-width: 872px) 100vw, 872px" /></a></figure>
Check This Out: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
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Short Ideas

Insider Trades

Electronic Arts, Home Depot And 2 Other Stocks Executives Are Selling

Wells Fargo analyst Neil Kalton maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Equal-Weight and raises the price target from $57 to $63.

Wells Fargo Maintains Equal-Weight on Xcel Energy, Raises Price Target to $63

Xcel Energy 2024 Earnings Guidance &mdash;Xcel Energy&#39;s 2024 ongoing earnings guidance is a range of $3.50 to $3.60 per share.(a)
Key assumptions as compared with 2023 actual levels unless noted:
<ul>
<li>Constructive outcomes in all pending rate case and regulatory proceedings.</li>
<li>Normal weather patterns for the remainder of the year.</li>
<li>Weather-normalized retail electric sales are projected to increase 1%.</li>
<li>Weather-normalized retail firm natural gas sales are projected to be flat.</li>
<li>Capital rider revenue is projected to increase $60 million to $70 million (net of PTCs).</li>
<li>O&amp;M expenses are projected to increase 1% to 2%.</li>
<li>Depreciation expense is projected to increase approximately $305 million to $315 million.</li>
<li>Property taxes are projected to be flat. This change is largely earnings neutral and is offset in revenue due to property tax trackers.</li>
<li>Interest expense (net of AFUDC - debt) is projected to increase $140 million to $150 million, net of interest income.</li>
<li>AFUDC - equity is projected to increase $65 million to $75 million.</li>
<li>ETR is projected to be ~(6%) to (8%). The assumption change is largely due to an increase in the PTC rate, which is offset in revenue and is largely earnings neutral. The negative ETR is largely offset by PTCs flowing back to customers in capital riders and fuel mechanisms and is largely earnings neutral. The projected ETR does not reflect the potential impact of nuclear PTCs, which are also expected to flow back to customers.</li>
</ul>
&nbsp;

Guidance

Xcel Energy Affirms FY24 Adj EPS Guidance $3.50-$3.60 vs $3.56 Estimate

Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) reported quarterly earnings of $0.54 per share which missed the analyst consensus estimate of $0.57 by 5.26 percent. This is a 3.85 percent increase over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $3.028 billion which missed the analyst consensus estimate of $3.287 billion by 7.87 percent. This is a 0.20 percent increase over sales of $3.022 billion the same period last year.

Earnings Misses

Xcel Energy Q2 2024 Adj. EPS $0.54 Misses $0.57 Estimate, Sales $3.028B Miss $3.287B Estimate

FirstEnergy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fe#NYSE">FE</a>) and its transmission subsidiaries completed the necessary inspection and maintenance of its transmission system. The idea was to ensure that FE&#39;s transmission lines could operate efficiently during the summer, and potentially severe weather and hurricanes that come with the season. 
The National Oceanic and Atmospheric Administration has predicted an 85% chance of an above-normal hurricane season, with 17-25 named storms and eight to 13 hurricanes, including four to seven major hurricanes. FE&#39;s unit Jersey Central Power &amp; Light&#39;s crews are prepared to respond in the event of severe weather or hurricanes that may affect the area this summer. 
FirstEnergy uses thermovision cameras to take infrared pictures of electrical equipment, assisting in the identification of possible issues in power lines and substations. Utility workers complete more detailed inspections and make repairs in these areas to prevent potential power outages.
<h3>Need for Investments &amp; Maintenance</h3>
The company&#39;s strategic investment is focused on infrastructure upgrades that should help serve its customers more efficiently. FirstEnergy&#39;s &lsquo;Energize365&#39; is a multi-year grid evolution platform, focused on enhancing customer experience while maintaining its strong affordability position with rates at or below its in-state peers. With planned investments of $26 billion between 2024 and 2028, the company is set to install advanced equipment and technologies that will strengthen and modernize its transmission and distribution infrastructure. 
A rise in temperature not only increases the demand for electricity but also poses a threat to electric infrastructure due to overheating, amplifying the risk of equipment failures and fires. These inspections and maintenance tasks are crucial to maintaining service reliability and ensuring customer satisfaction. 
This spring, helicopter patrols inspected almost 6,170 miles of high-voltage power lines, in addition to routine visual inspections conducted from the ground. The purpose of the inspections is to search for equipment issues that are not apparent from the ground. Any potential reliability issues identified during the inspections are addressed as quickly as possible. 
Since the beginning of the year, tree contractors have trimmed along 4,415 miles of power lines as part of FirstEnergy&#39;s vegetation management program. Work remains on schedule to complete an additional 8,860 miles by the end of the year. Maintaining proper clearances around electrical equipment is critical to providing safe, reliable electric service. It can also help reduce the frequency and duration of tree-related power outages. 
These initiatives should increase the possibility of providing uninterrupted electricity to customers even during storms and hurricanes, and generate more earnings for the company.
<h3>Utilities&#39; Focus on Infrastructure Upgrade</h3>
In order to provide reliable services to customers, utilities make systematic investments to upgrade transmission and distribution lines and develop new substations. The objective is to warrant a proper supply of electricity to millions of customers across the United States. 
Along with FirstEnergy, other electric power companies like Dominion Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>), Exelon Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exc#NASDAQ">EXC</a>) and Xcel Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xel#NASDAQ">XEL</a>), are adopting measures to strengthen their existing infrastructure. 
In June 2024, D&#39;s unit, Dominion Energy Virginia, completed burying 2,000 miles of overhead power lines, which is part of the company&#39;s Strategic Underground Program. The shifting of power lines underground should lower storm-related outages and reduce the time for power restoration in outage-prone areas during the hurricane season. 
D&#39;s long-term (three to five years) earnings growth rate is 13.6%. The Zacks Consensus Estimate for 2024 earnings per share&nbsp;implies a year-over-year improvement of 38.2%. 
Exelon invests substantially in infrastructure projects and plans to invest nearly $34.5 billion during 2024-2027 in regulated utility operations. The company is set to invest $21 billion in electric distribution and $9.7 billion in electric transmission in the 2024-2027 time frame to further strengthen its operations. 
EXC&#39;s long-term earnings growth rate is 5.7%. The Zacks Consensus Estimate for 2024 EPS implies a year-over-year improvement of 1.7%. 
Xcel Energy plans to invest nearly $22.1 billion in further strengthening its electric distribution and transmission operations in the 2024-2028 time period. 
XEL&#39;s long-term earnings growth rate is 6.4%. The Zacks Consensus Estimate for 2024 EPS implies a year-over-year improvement of 6.3%.
<h3>Price Performance</h3>
In the past six months, shares of FirstEnergy have risen 6.3% against the industry&#39;s 2.3% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b0/69461.jpg?v=1980820209" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
FirstEnergy currently carries a Zacks Rank #2 (Buy).
<a href="https://www.zacks.com/stock/news/2292684/firstenergy-fe-boosts-infrastructure-for-summer-heat-storms?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2292684">To read this article on Zacks.com click here.</a>

FirstEnergy Boosts Infrastructure for Summer Heat & Storms

Morgan Stanley analyst Stephen Byrd maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Equal-Weight and lowers the price target from $65 to $62.

Morgan Stanley Maintains Equal-Weight on Xcel Energy, Lowers Price Target to $62

Morgan Stanley analyst Stephen Byrd maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Equal-Weight and raises the price target from $59 to $65.

Morgan Stanley Maintains Equal-Weight on Xcel Energy, Raises Price Target to $65

Balancing Grid Supply and Demand with Electric Vehicles in Boulder, Colorado
Fermata Energy, Xcel Energy, City of Boulder, Colorado CarShare and Boulder Housing Partners announced a collaborative Vehicle-to-Everything (V2X) bidirectional charging pilot project at Boulder Housing Partners' 30 Pearl development and the Molly's Spirits Lakeside facility. This innovative V2X pilot program transforms parked EVs into mobile power units, advancing grid resilience and reducing electric bill costs while supporting underserved communities and local businesses.

Fermata Energy And Xcel Energy To Collaborate On Vehicle-To-Everything Bidirectional Charging Pilot Project

Barclays analyst Nicholas Campanella maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and raises the price target from $56 to $57.

Barclays Maintains Overweight on Xcel Energy, Raises Price Target to $57

Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. 
In a recently published study, equity analyst Carly Davenport has listed a basket of stocks positioned to benefit from the potential massive surge <a href="https://www.benzinga.com/topic/artificial-intelligence">in U.S. power demand. </a>
The investment bank forecasts that data center power demand will grow at 15% compound annual growth rate from 2023-2030. This growth trajectory is expected to elevate data centers&#8217; share of total US power demand to 8% by 2030, up from the current level of approximately 3%.
The &#8220;U.S. power demand (is) likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth,&#8221; Goldman Sachs highlights. 
Analysts estimate that about 47 GW of additional power generation capacity will be necessary to accommodate the growth in U.S. data center power demand by 2030. This demand is anticipated to be met by approximately 60% gas and 40% renewable sources. 
The projection suggests that this trend will drive approximately $50 billion in capital investment in U.S. power generation capacity by 2030.
Goldman Sachs has pinpointed 16 stocks rated as &#8220;buy&#8221; across various sectors, including Utility, Clean Technology, Midstream, Energy Services, Industrials, and Industrial Tech. 
The highlighted stocks are as follows:
<h3 class="wp-block-heading">Power Demand Growth Beneficiaries</h3>
<ul>
<li>Vertiv Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NASDAQ">VRT</a>): Solid market presence in thermal cooling and power management offerings.</li>
<li>NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): Renewable sector strategically positioned for AI data loads and available interconnection queues.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>): Provider of clean energy storage solutions for data centers&#8217; backup power needs.</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>): Beneficiary of rising nuclear power capacity as a uranium producer and nuclear fuel supplier.</li>
<li>Fluence Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>): Natural gas producer poised to capitalize on heightened demand resulting from electric load expansion.</li>
</ul>
<h3 class="wp-block-heading">Power Generation Capacity Additions</h3>
<ul>
<li>Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>): Regulated utility exposed to power generation needs to support data center growth in Midwest Independent Transmission System Operator. </li>
<li>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>): Primary manufacturer and supplier of solar panels for utility-scale solar farms across the United States.</li>
<li>Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>): Regionally positioned regulated utility poised to meet the escalating demand from data centers through strategic investment in generation.</li>
<li>GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>): Positioned to profit from sustained growth trends as a supplier of power generation assets.</li>
</ul>
<h3 class="wp-block-heading">Power Infrastructure Investment Needs</h3>
<ul>
<li>Quanta Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>): Specialty contractor specializing in utilities construction, poised to reap rewards from increased electricity demand.</li>
<li>MYR Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>): Involved in data centers through transmission and distribution (T&amp;D) projects, establishing prominence as a key player in electrical contracting.</li>
<li>DBA Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>): Utility allocating substantial capital expenditure on T&amp;D infrastructure to bolster the expansion of data centers in Texas.</li>
<li>Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>): The leading operator of natural gas pipelines in the United States, set to profit from the rising demand for gas-fired generation.</li>
</ul>
<h3 class="wp-block-heading">Industrial Supply Chain Beneficiaries</h3>
<ul>
<li>Eaton Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>): Manufacturer of electrical components poised to capitalize on the sustained increase in power demand.</li>
<li>nVent Electric plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>): Key player in liquid cooling technology, forecasting double-digit business growth within the Data Solutions sector.</li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>): Construction equipment company capable of supplying generator sets to data centers for backup power needs.</li>
</ul>
AI Data Centers&#8217; Demand Set To Triple By 2030: After experiencing relatively flat growth from 2015 to 2019, Goldman Sachs anticipates that power demand from data centers will more than triple by 2030 compared to 2020 levels. 
According to analyst estimates, there is an upside scenario where demand could more than double the base case, influenced partly by improvements in product efficiencies and increased demand for AI-related technologies.
&#8220;There could be meaningful upside to our base case if appetite for purchase and utilization of servers is unconstrained,&#8221; Davenport stated. 
&#8220;There could be downside to our base case if power efficiency is higher than expected or if power/compute speed efficiencies lead to fewer servers purchased than expected,&#8221; the analyst added. 
Read now:<a href="https://www.benzinga.com/markets/asia/24/04/38494691/japan-intervenes-to-support-struggling-yen-why-did-it-trigger-nikkei-225-dip-4-charts-to-watch"> Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch</a>
Image generated using artificial intelligence via Midjourney.

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Xcel Energy names Rob Berntsen new executive vice president and chief legal and compliance officer

Xcel Energy Inc. Board Declares Dividend on Common Stock

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