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Stock impact report

Xcel Energy (XEL) Sued for ‘Blatant Negligence' in Wildfire Incident [Yahoo! Finance]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: Yahoo! Finance
Xcel Energy Inc. (NASDAQ:XEL) engages in the generation, purchasing, transmission, distribution, and sale of electricity in the United States. It operates through the Regulated Electric Utility and Regulated Natural Gas Utility segments. On December 16, Morgan Stanley lowered its price target on Xcel Energy Inc. (NASDAQ:XEL) from $84 to $79, while keeping an ‘Equal Weight' rating on the shares. The analyst noted that the performance of the utilities sector will be driven by the heavy data center demand growth next year, but also cautioned that the rising electricity bills could increase political and regulatory risk, especially given the midterm elections next year. Xcel Energy Inc. (NASDAQ:XEL) received another significant blow on December 16 when the Attorney General of Texas, Ken Paxton, sued the utility for ‘blatant negligence' in causing a massive wildfire in 2024. Responsible for three deaths and over $1 billion in damages, the Smokehouse Creek fire was the largest wildfire Show less Read more
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