Xcel Energy (XEL) issues statement regarding wildfires in the Texas Panhandle

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Go back to Xcel Energy (XEL) issues statement regarding wildfires in the Texas Panhandle

Citi Upgrades Xcel Energy (XEL) to Buy, 'Stock Looks Compelling'

March 11, 2024 7:39 AM EDT

Citi analyst Ryan Levine upgraded Xcel Energy (NASDAQ: XEL) from Neutral to Buy with a price target of $71.00.

The analyst comments "We are upgrading XEL to Buy as 1) the ~87% containment of the Smokehouse Creek fire improves our confidence in assessing liability, 2) our base... More

Xcel Energy (XEL) states its facilities 'appear to have been involved' in Texas wildfire

March 7, 2024 1:35 PM EST

Xcel Energy (NASDAQ: XEL) said its equipment appears to have been involved in the ignition of the Smokehouse Creek fire in the Texas Panhandle. The company, however, disputes allegations of negligence in the maintenance and operation of its infrastructure.

The wildfires have ravaged... More