Analyst Consensus ?
ConsensusBuy26 ratings
Bullish1661.5%
Neutral830.8%
Bearish27.7%
Xcel Energy Inc. · XEL · FY2024 Q4 · Calendar Q1 2025
Xcel maintains 2025 outlook as data-center demand supports investment
The call supports a constructive operating trajectory through maintained guidance, continued infrastructure investment, and data-center-driven load growth. The evidence is balanced by execution, regulatory, wildfire, financing, and contract-timing risks; it does not establish a one-year investment outcome.
Reported Before market openNASDAQUtilities
$46.33B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.87
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $3.77B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.2%
Event window
SPY move
+0.3%
Same window
Abnormal move
-1.6%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+1.3%
Up to 20 sessions
XELSPY benchmark
Ask FN2 about XEL FY2024 Q4
Transcript, numbers and history already loaded
What drove XEL's -1.2% move after FY2024 Q4 earnings?What changed in XEL's guidance and outlook in FY2024 Q4?Give me the bull and bear case for XEL after FY2024 Q4 earnings.
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Transcript intelligence
What changed
The current analysis emphasizes maintained 2025 guidance, continued large-scale infrastructure spending, and data-center demand as a major growth contributor. It also highlights progress on Sherco solar, wind availability, Monticello's license renewal, and wildfire mitigation, while keeping regulatory, labor, tariff, and financing risks in focus.
Guidance delta
Management maintained 2025 EPS guidance of $3.75-$3.85, after the prior quarter introduced that range.
Key takeaways
- Management reported 2024 ongoing EPS of $3.50 and maintained 2025 EPS guidance of $3.75-$3.85.
- Data-center electricity demand was described as supporting roughly half of projected 5% long-term sales growth.
- Capital deployment remains elevated, including $7.5 billion invested in 2024 and a $10 billion pipeline beyond the base plan.
- Renewable and reliability priorities include Sherco solar, wind availability, nuclear license renewal, transmission expansion, and wildfire mitigation.
Management priorities
- Advance Sherco solar phases and other renewable generation projects.
- Continue transmission expansion and natural-gas conversion projects.
- Secure additional data-center power contracts.
- Execute wildfire mitigation and related regulatory filings.
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Analyst 52W Price Targets
$74.17Previous close
$58Low
$83.88Average
$101High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 13, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 18, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 13, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 9, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jun 23, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 4, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Apr 21, 2026 |
| UBS | Buy | Buy | Maintain | Apr 20, 2026 |
| Citigroup | Buy | Buy | Maintain | Nov 3, 2025 |
| Jefferies | Buy | Buy | Maintain | Oct 16, 2025 |
| B of A Securities | Buy | Buy | Maintain | Sep 25, 2025 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 28, 2025 |
| Argus Research | Buy | Hold | Upgrade | Aug 26, 2024 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Mar 11, 2024 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jan 30, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 8, 2023 |
| Credit Suisse | Neutral | Outperform | Downgrade | Nov 21, 2022 |
| CFRA | Sell | Sell | Maintain | Jan 30, 2020 |
| Bank of America | Underperform | Neutral | Downgrade | Sep 30, 2019 |
| Argus | Buy | Buy | Maintain | Nov 5, 2018 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Sep 26, 2016 |
| Baird | Neutral | Outperform | Downgrade | Mar 2, 2016 |
| Macquarie | Neutral | Outperform | Downgrade | Jan 29, 2016 |
| Deutsche Bank | Hold | Hold | Maintain | Dec 17, 2014 |
| DA Davidson | Neutral | Neutral | Maintain | Aug 2, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $74.17. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Ian Rapp | $77 | $69.39 | +3.8% | Sep 29, 2026 |
| Morgan Stanley | Analyst unavailable | $83 | $72.53 | +11.9% | Sep 18, 2026 |
| Truist Financial | Analyst unavailable | $88 | $79.14 | +18.6% | Aug 13, 2026 |
| BTIG | Analyst unavailable | $99 | $78.69 | +33.5% | Jul 31, 2026 |
| Mizuho Securities | Analyst unavailable | $92 | $78.23 | +24.0% | Jul 31, 2026 |
| BMO Capital | Analyst unavailable | $92 | $79.83 | +24.0% | Jul 22, 2026 |
| Barclays | Nicholas Campanella | $90 | $79.17 | +21.3% | Jul 9, 2026 |
| Jefferies | Analyst unavailable | $101 | $80.37 | +36.2% | Jul 7, 2026 |
| BTIG | Analyst unavailable | $98 | $81.75 | +32.1% | Jun 26, 2026 |
| Morgan Stanley | Analyst unavailable | $89 | $80.86 | +20.0% | Jun 24, 2026 |
| New Street | Analyst unavailable | $91 | $78.81 | +22.7% | Jun 23, 2026 |
| Morgan Stanley | Analyst unavailable | $87 | $79.93 | +17.3% | May 21, 2026 |
| Truist Financial | Analyst unavailable | $92 | $77.92 | +24.0% | May 18, 2026 |
| Barclays | Analyst unavailable | $87 | $80.6 | +17.3% | May 12, 2026 |
| Evercore ISI | Analyst unavailable | $96 | $82.26 | +29.4% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $92 | $79.38 | +24.0% | Apr 21, 2026 |
| KeyBanc | Analyst unavailable | $90 | $80.32 | +21.3% | Apr 21, 2026 |
| Truist Financial | Richard Sunderland | $95 | $80.32 | +28.1% | Apr 20, 2026 |
| UBS | William Appicelli | $91 | $81.72 | +22.7% | Apr 20, 2026 |
| Barclays | Nicholas Campanella | $91 | $81.08 | +22.7% | Apr 20, 2026 |
| Argus Research | Gary Hovis | $86 | $81 | +15.9% | Mar 12, 2026 |
| Morgan Stanley | Analyst unavailable | $91 | $81.25 | +22.7% | Feb 20, 2026 |
| UBS | William Appicelli | $89 | $78.98 | +20.0% | Feb 13, 2026 |
| BMO Capital | Analyst unavailable | $90 | $75.57 | +21.3% | Feb 6, 2026 |
| BTIG | Analyst unavailable | $94 | $75.97 | +26.7% | Jan 30, 2026 |
| RBC Capital | Stephen D'Ambrisi | $95 | $74.44 | +28.1% | Jan 23, 2026 |
| Barclays | Analyst unavailable | $82 | $76.2 | +10.6% | Jan 15, 2026 |
| Mizuho Securities | Anthony Crowdell | $86 | $73.72 | +15.9% | Jan 9, 2026 |
| UBS | William Appicelli | $81 | $73.73 | +9.2% | Dec 17, 2025 |
| KeyBanc | Analyst unavailable | $84 | $74.77 | +13.3% | Dec 12, 2025 |
| Morgan Stanley | David Arcaro | $84 | $79.66 | +13.3% | Nov 20, 2025 |
| UBS | Analyst unavailable | $85 | $81.59 | +14.6% | Nov 5, 2025 |
| UBS | William Appicelli | $86 | $81.18 | +15.9% | Oct 31, 2025 |
| Mizuho Securities | Anthony Crowdell | $87 | $80.96 | +17.3% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $86 | $80.88 | +15.9% | Oct 22, 2025 |
| BTIG | Alex Kania | $96 | $80.64 | +29.4% | Oct 21, 2025 |
| Jefferies | Analyst unavailable | $92 | $81.6 | +24.0% | Oct 16, 2025 |
| BMO Capital | James Thalacker | $87 | $80.98 | +17.3% | Oct 15, 2025 |
| KeyBanc | Analyst unavailable | $85 | $80.85 | +14.6% | Oct 15, 2025 |
| UBS | William Appicelli | $84 | $81.26 | +13.3% | Oct 10, 2025 |
| Evercore ISI | Analyst unavailable | $92 | $81 | +24.0% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $81 | $79.28 | +9.2% | Sep 29, 2025 |
| UBS | William Appicelli | $82 | $77.25 | +10.6% | Sep 25, 2025 |
| BMO Capital | Analyst unavailable | $84 | $77.25 | +13.3% | Sep 25, 2025 |
| Mizuho Securities | Analyst unavailable | $83 | $77.25 | +11.9% | Sep 25, 2025 |
| Mizuho Securities | Anthony Crowdell | $80 | $73.04 | +7.9% | Sep 24, 2025 |
| Morgan Stanley | David Arcaro | $78 | $69.21 | +5.2% | May 22, 2025 |
| Wells Fargo | Neil Kalton | $78 | $69 | +5.2% | Apr 25, 2025 |
| Morgan Stanley | David Arcaro | $79 | $71.55 | +6.5% | Apr 23, 2025 |
| Barclays | Nicholas Campanella | $73 | $71.39 | -1.6% | Apr 22, 2025 |
| Barclays | Nicholas Campanella | $67 | $64.07 | -9.7% | Oct 21, 2024 |
| Mizuho Securities | Paul Fremont | $70 | $64.17 | -5.6% | Sep 25, 2024 |
| Jefferies | Paul Zimbardo | $70 | $64.06 | -5.6% | Sep 19, 2024 |
| Argus Research | Marie Ferguson | $68 | $60.12 | -8.3% | Aug 26, 2024 |
| Mizuho Securities | Paul Fremont | $64 | $52.43 | -13.7% | Jul 2, 2024 |
| Barclays | Nicholas Campanella | $57 | $54.48 | -23.1% | Apr 30, 2024 |
| BMO Capital | James Thalacker | $65 | $54.79 | -12.4% | Apr 29, 2024 |
| KeyBanc | Sophie Karp | $65 | $53.76 | -12.4% | Apr 19, 2024 |
| Barclays | Nicholas Campanella | $54 | $52.91 | -27.2% | Mar 11, 2024 |
| Wolfe Research | Steve Fleishman | $58 | $52.91 | -21.8% | Mar 11, 2024 |
| J.P. Morgan | Jeremy Tonet | $70 | $61.43 | -5.6% | Dec 4, 2023 |
| Morgan Stanley | Analyst unavailable | $63 | $67.14 | -15.1% | Nov 11, 2022 |
| Evercore ISI | Durgesh Chopra | $79 | $74.78 | +6.5% | May 16, 2022 |
| Wells Fargo | Analyst unavailable | $79 | $74.88 | +6.5% | Apr 29, 2022 |
| Credit Suisse | Nicholas Campanella | $80 | $74.88 | +7.9% | Apr 28, 2022 |
| Morgan Stanley | Analyst unavailable | $75 | $75.36 | +1.1% | Apr 20, 2022 |
| Goldman Sachs | Insoo Kim | $76 | $62.14 | +2.5% | Oct 12, 2021 |
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Start freeCompany context
Snapshot as of publicationXcel Energy Inc., through its various operating units, functions as a multifaceted energy company involved in the complete cycle of electricity – from its production and procurement to its transmission, delivery, and eventual sale. Its business is organized into three main divisions: Regulated Electric Utility, Regulated Natural Gas Utility, and a final "All Other" segment. The company employs a diverse range of energy sources for electricity generation, including traditional options like coal, nuclear power, natural gas, and oil, as well as a strong focus on renewables such as hydroelectric, solar, biomass, wood/refuse, and wind. In addition to its electric services, Xcel Energy is active in the natural gas sector, managing the acquisition, pipeline transport, distribution, and retail sales of natural gas.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-23T00:02:36.799981+00:00
- Polygon adjusted daily market bars · 2026-10-13T08:20:46.126067+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-13T08:20:46.123358+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-13. For educational purposes only; not investment advice.