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Stock impact report

Wildfires Are Upending Some of the Safest Bets on Wall Street [Financial Post (Toronto, Ontario, Canada)]

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: Financial Post
An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger at its dilapidated equipment — and this was making the company's investors very nervous. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger at its dilapidated equipment — and this was making the company's investors very nervous. Throughout the morning of Feb. 29, investors unloaded shares. By early that afternoon, the stock was down nearly 10%. Bond prices were sinking too, triggering a spike in Xcel's yields. For money managers who had long treated the utility's bonds as an uber-safe asset — something almost akin to a US Treasury note — the rout, while brief, was j Show less Read more
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