Xcel Energy reaches 52-week high, upgrades earnings, announces $45B capital spending plan.

Xcel Energy (XEL) reached a 52-week high of $65.84 after analysts upgraded their ratings. The company reported Q3 earnings of $1.21 per share, exceeding last year's $1.19, and announced a five-year, $45 billion capital spending plan. Despite a Q2 miss of $0.54 EPS, Xcel updated its FY25 guidance to $3.75-3.85 EPS. The firm, with a market cap of $36.71 billion, focuses on electricity generation and distribution.

October 31, 2024
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