Minnesota EV sales rose last year, widespread adoption still far off [Yahoo! Finance]
Xcel Energy Inc. (XEL)
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Source: Yahoo! Finance
EV sales jumped to 5.4% of new vehicles purchased in 2023 from about 3.5% in 2022, according to data from the Minnesota Automobile Dealers Association. But the state's sales are still below what Kelley Blue Book reported as a national rate of 7.6%. Scott Lambert, president of the auto dealers group, said buyers are attracted to cleaner burning vehicles, just not always the fully electric ones. "There's been some growth to be sure," he said. "What continues to take off is hybrids." EVs are nevertheless top of mind for local auto dealers headed into the Twin Cities Auto Show at the Minneapolis Convention Center, which runs from Saturday until April 7. Gov. Tim Walz's short-running and politically controversial "Clean Cars" regulations are kicking into gear this year, which require auto manufacturers to provide more EVs for sale in the state in an effort to provide more options to Minnesota consumers and hopefully jumpstart greater adoption. President Joe Biden's administration
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XEL
News
- Xcel Energy Inc. (NASDAQ: XEL) had its price target raised by analysts at Evercore ISI from $54.00 to $59.00. They now have an "outperform" rating on the stock.MarketBeat
- Denver Film's 25th Film on the Rocks lineup includes The Matrix, family favorites [CBS News]CBS News
- Xcel Energy Inc. (NASDAQ: XEL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Minnesota will soon be home to 5th largest solar facility in the nation [CBS News]CBS News
- Xcel Energy (XEL) Q1 Earnings Beat, Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
XEL
Earnings
- 4/25/24 - Beat
XEL
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/18/24 - Form S-3ASR
- XEL's page on the SEC website