Xcel Energy Inc. (XEL) News

Xcel Energy Inc. (XEL)

Today's Latest Price: $65.75 USD

1.56 (-2.32%)

Updated Dec 4 4:00pm

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Ranked of 62 in Utilities - Domestic

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Latest XEL News From Around the Web

Below are the latest news stories about Xcel Energy Inc that investors may wish to consider to help them evaluate XEL as an investment opportunity.

Ameren Sets Net-Zero by 2050 Goal, Plots Major Wind and Solar Expansion in Midwest

Ameren has joined the ranks of U.S. utilities pledging to reach net-zero carbon emissions by 2050, with a long-range plan that invests nearly $8 billion in renewable energy and accelerates some coal plant closures — although it will retain much of its coal fleet through 2040. Like other net-zero carbon goals , Ameren’s will rely on “further advancements in innovative, carbon-free technologies and constructive federal and state energy and economic policies” to reach its final goal, CEO Warner Baxter said in a Monday statement. Ameren joins a growing list of U.S. utilities committing to net-zero carbon by midcentury in states that haven’t yet set that goal as a mandate, although several are on the cusp of doing so. The list includes Duke Energy , Dominion Energy , Southern Company , Arizo...

Green Technology Media | September 28, 2020

5 Major US Utilities That Haven’t Promised to Fully Decarbonize

Electric utilities all over the place are promising to eliminate or net out their carbon emissions — here's GTM's look at the top five . Such promises were unthinkable for utilities just a few years ago. But the trend took off when Xcel Energy figured out it could retire coal plants, build clean power plants, and make more profits while keeping electricity costs down. The combination of positive public perception, a bigger rate-base and greater appeal to sustainability-minded investors turned the carbon-free commitments into the rule, not the exception, for the utility sector. "They’re really trying to appease a nascent but quite powerful movement of [environmental, social and governance focused] shareholders and institutional investors," said David Pomerantz, executive director of util...

Green Technology Media | September 17, 2020

The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

Over the past three years, some of the country’s biggest utilities have been committing to a goal that few may have predicted they’d undertake on their own: weaning themselves off carbon-emitting generation by 2050. Driving this sea change in long-term planning is a combination of public pressure and energy economics. The falling costs of wind and solar power are pushing utilities to find ways to incorporate them into their long-range plans, even as they struggle to define what resources can be relied on to provide the dispatchable power they need. At the same time, the increasingly dire effects of global warming are bringing more Americans in line with much of the rest of the world in making carbon-emissions reduction a top policy priority. Utilities in many states now face mandates to...

Green Technology Media | September 16, 2020

AWEA Introduces New Trade Group, the American Clean Power Association

The largest wind trade group in the U.S. announced Friday it will officially broaden its mission beyond wind, as part of a newly-formed industry group. The American Wind Energy Association, which advocated for that industry and its member companies for over forty years, will merge with a new organization called the American Clean Power Association. More than 30 member companies from utilities, wind, solar and other new energy industries coalesced to make a trade group “that better represents the renewables industry of today,” the group said Friday. “AWEA recognizes the value of a broad section of the renewables industry — from wind, solar and other renewable resources, to supporting technologies such as storage and transmission,” the group said in an emailed statement. “Collaboration wi...

Green Technology Media | September 4, 2020

Xcel Energy downgraded at Argus on valuation

Xcel Energy ([[XEL]] -2%) edges lower after Argus downgrades shares to Hold from Buy, citing valuation as the stock currently trades at 23x the firm's 2021 EPS estimate, near the top of the P/E range for comparable utility companies with fully regulated operations.Argus' earnings model now projects a value of...

Seeking Alpha | August 25, 2020

Xcel Energy declares $0.43 dividend

Xcel Energy (XEL) declares $0.43/share quarterly dividend, in line with previous.Forward yield 2.46%Payable Oct. 20; for shareholders of record Sept. 15; ex-div Sept. 14.See XEL Dividend Scorecard, Yield Chart, & Dividend Growth....

Seeking Alpha | August 19, 2020

Xcel Energy Inc. Board Declares Dividend on Common Stock

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 43 cents per share. The dividends are payable October 20, 2020, to shareholders of record on September 15, 2020. Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers

Business Wire | August 19, 2020

Utilities cash in on subsidies ahead of expected expiration

American utilities are grabbing fast-expiring green energy subsidies to boost the efficiency of aging wind farms.Xcel Energy (XEL) plans to invest up to $1.4B to refurbish some of its older farms as it advances toward carbon-free electricity by 2050. The projects, involving retrofitting outdated turbines with bigger blades and new...

Seeking Alpha | August 17, 2020

Xcel Energy Has A Bold Plan To Put 1.5 Million Electric Cars On The Road By 2030

Xcel Energy has unveiled a plan to boost the sales of electricity and wants 1.5 million electric cars on the road in the communities it serves by 2030.

CleanTechnica | August 16, 2020

Xcel Energy reveals new EV vision

Driving its vision to provide 100% carbon-free electricity by 2050, Xcel Energy ([[XEL]] +1.4%) is driving towards powering 1.5M electric vehicles in its service areas by 2030 thereby leading to 20% of all vehicles on the road in those areas transitioning to EV.This would reduce carbon emissions and by 2030 an EV...

Seeking Alpha | August 12, 2020

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