Analyst Raises Xcel Energy (XEL) Price Target Despite Mixed Q1 Report

Xcel Energy Inc. (NASDAQ:XEL) is included among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge.

Analyst Raises Xcel Energy (XEL) Price Target Despite Mixed Q1 Report

Xcel Energy Inc. (NASDAQ:XEL) is a major US electricity and natural gas company, with operations in 8 Western and Midwestern states.

On May 4, Evercore ISI raised its price target on Xcel Energy Inc. (NASDAQ:XEL) from $93 to $96, while maintaining an ‘Outperform’ rating on the shares. The target boost, which reflects an upside of over 19% from the current price levels, comes after the company reported its Q1 2026 results on April 30.

Xcel Energy Inc. (NASDAQ:XEL)’s adjusted earnings of $0.91 per share in the first quarter were in line with expectations, as the higher recovery of electric ​infrastructure investments and stronger sales helped offset warm weather and ‌ higher financing costs. However, the company’s revenue of $4 billion fell short of estimates by $90 million, despite a YoY growth of almost 3%.

Xcel Energy Inc. (NASDAQ:XEL) reaffirmed its EPS guidance range of $4.04 to $4.16 per share for full-year 2026. Moreover, the company remains confident to deliver 6% to 8+% long-term earnings growth and expects to deliver 9% EPS growth on average through 2030.

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