Xcel Energy Inc. ($XEL) Stock Forecast: Up 0.4% Today

What is Xcel Energy Inc.?

Stock: Xcel Energy (XEL) Xcel Energy is a leading electric and natural gas utility company serving customers in multiple states across the US. The company has been making strategic investments to meet the growing demand for electricity and renewable energy sources.

Why is Xcel Energy Inc. going up?

XEL stock is up 0.4% on May 29, 2026 14:45

• Xcel Energy stock had a strong bullish movement today, despite underperforming compared to its competitors previously.
• The positive market sentiment towards Xcel Energy can be attributed to the company's strong Q1 2026 results, showing increased net income and earnings per share driven by new commercial agreements and rising electricity sales.
• The announcement of a lower-than-expected natural gas rate increase in Minnesota could have also contributed to the bullish movement, signaling potential cost savings for customers and a positive regulatory environment for the company.
• Additionally, the unveiling of the PowerOn Midwest initiative, involving significant infrastructure projects and partnerships with other utilities, likely boosted investor confidence in Xcel Energy's future growth prospects and market position.

XEL Price Chart

XEL Technical Analysis

XEL News

Analysts Conflicted on These Utilities Names: Origin Energy Limited (OtherOGFGF) and Xcel Energy (XEL)

Analysts are divided on two utilities companies, Origin Energy Limited and Xcel Energy. RBC Capital maintained a Hold rating on Origin Energy with a A$13.00 price target, while Bank of America Securities analyst Paul Cole maintained a Buy rating on Xcel Energy, with an average price target that suggests a 15.0% upside. The consensus for Xcel Energy is a Strong Buy, unlike the Hold consensus for Origin Energy Limited.

https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/2190839/analysts-conflicted-on-these-utilities-names-origin-energy-limited-otherogfgf-and-xcel-energy-xel/

Xcel Energy Inc. stock underperforms Thursday when compared to competitors

Xcel Energy Inc. (XEL) stock dropped 2.15% on Thursday, closing at $79.26, despite a positive trading session for the broader market with the S&P 500 and Dow Jones Industrial Average both rising. The closing price was 5.90% below its 52-week high of $84.23.

https://www.marketwatch.com/data-news/xcel-energy-inc-stock-underperforms-thursday-when-compared-to-competitors-284bcdcb-f53013717f2c?mod=mw_quote_news

Xcel gas rate increase in Minnesota to be lower than expected

Xcel Energy customers in Minnesota are likely to see a natural gas rate increase lower than initially expected, reduced from 8.2% to 4.1% for residential customers under a proposed settlement. Since customers have already been paying a temporary 6.8% increase, they could receive a refund with interest if the Minnesota Public Utilities Commission approves the settlement this fall. Xcel serves over 430,000 natural gas customers across the state.

https://kfgo.com/2026/05/28/1312158/

New Midwest grid buildout forecasts 4,870 jobs and $1.2B in local taxes

A new economic study forecasts that the PowerOn Midwest initiative, involving a new 765 kV transmission line and other projects, will create thousands of jobs, generate over $2 billion in economic activity, and provide $1.2 billion in property tax revenue across Minnesota over 35 years. Developed by Great River Energy, ITC Midwest, and Xcel Energy, these projects aim to meet increasing electricity demand, enhance grid reliability, and enable over 12,000 megawatts of new renewable energy generation in the Upper Midwest. The utilities have filed a Certificate of Need application with the Minnesota Public Utilities Commission and plan to file a facility permit application in South Dakota to advance the project.

https://www.stocktitan.net/news/XEL/power-on-midwest-economic-impact-report-highlights-billions-in-ze841dom0erz.html

Xcel Energy Stock Up 19% in One Year: Here’s the Path to $93 by 2028

Xcel Energy (XEL) reported strong Q1 2026 results, with net income up 15.1% and an EPS of $0.89, driven by increased electricity sales and new commercial load agreements, including a Google data center. The company projects its stock could reach $93 by December 2028, implying an annualized return of 5.6%, based on its $60 billion capital investment plan and rising data center demand.

https://www.tikr.com/blog/xcel-energy-stock-up-19-in-one-year-heres-the-path-to-93-by-2028

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Xcel Energy Inc. Price History

13.01.2026 - XEL Stock was up 3.0%

• Rhumbline Advisers reduced its stake in Xcel Energy, while other institutional investors maintained or increased their positions, indicating continued confidence in the company's performance.
• Xcel Energy reported strong financial results with Q4 EPS meeting estimates and a significant increase in quarterly revenue year-over-year, contributing to the bullish movement in the stock.
• The company's ambitious expansion plans, including doubling data center capacity and a substantial capital investment program, are driving growth expectations for the future.
• Positive investor sentiment towards utility companies, as demonstrated by NextEra Energy hitting a 52-week high, may have also positively influenced Xcel Energy's stock performance.

29.04.2026 - XEL Stock was up 0.4%

• Xcel Energy stock had a strong bullish movement today, despite underperforming compared to its competitors previously.
• The positive market sentiment towards Xcel Energy can be attributed to the company's strong Q1 2026 results, showing increased net income and earnings per share driven by new commercial agreements and rising electricity sales.
• The announcement of a lower-than-expected natural gas rate increase in Minnesota could have also contributed to the bullish movement, signaling potential cost savings for customers and a positive regulatory environment for the company.
• Additionally, the unveiling of the PowerOn Midwest initiative, involving significant infrastructure projects and partnerships with other utilities, likely boosted investor confidence in Xcel Energy's future growth prospects and market position.

30.03.2026 - XEL Stock was up 5.0%

• The strong uptrend in Xcel Energy's stock price today is potentially due to the positive impact of its Q1 earnings results, even though they slightly missed revenue expectations.
• Consistent EPS performance meeting projections and a favorable outlook for 2026 earnings range could have contributed to increased investor sentiment towards XEL.
• Investor confidence may also be bolstered by Xcel Energy's strategic positioning in the energy industry, particularly its focus on renewable energy and environmental sustainability, in line with prevailing market trends.
• Overall, the market's reaction to Xcel Energy's financial performance demonstrates resilience and hints at growth prospects amidst changes in the energy sector.

06.01.2026 - XEL Stock was down 0.3%

• The downward movement in XEL stock could be linked to the approval of an electricity rate increase in North Dakota, leading to concerns about potential financial and customer impacts.
• Insider selling of NextEra Energy (NYSE: NEE) shares by an Executive Vice President may have influenced XEL, hinting at uncertainties or challenges in the energy industry.
• Xcel Energy's growth plans and earnings positivity may have been overshadowed by NextEra Energy's advancements in the AI era, drawing attention to companies seen as better poised for future growth.
• The sentiment towards renewable energy stocks like XEL might have soured due to valuation worries after a Wyoming wind project cancellation and varied performance in surpassing EPS while missing revenue projections in the industry.