FuelCell NASDAQ:FCEL Extends Technology Development Deal with Exxon

xcel energy stock price today

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. FuelCell has extended a key carbon capture technology development deal with Exxon until March 31, 2024. A final investment decision on the project is expected later this year. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock.

Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of XEL’s
competitive advantage. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy announced today a proposal to advance the retirement of coal operations at Tolk Generating Station in Texas to 2028, more than four years earlier than planned… BOSTON–(BUSINESS WIRE)–Form Energy, Inc., an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, announced today that it has…

Xcel Energy’s stock was trading at $70.11 at the beginning of 2023. Since then, XEL stock has decreased by 17.1% and is now trading at $58.13. FCEL’s carbonate fuel cell technology can play a pivotal role in integrated carbon abatement solutions. Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

One share of XEL stock can currently be purchased for approximately $58.13. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The utility rose along with its peers, but its focus on reducing its carbon footprint is making it increasingly attractive to investors.

Financial Performance

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

xcel energy stock price today

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

XCEL’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of XCEL’s
competitive advantage. We’d like to share more about how we work and what drives our day-to-day business. XEL’s beta can be found in Trading Information at the top of this page.

Mizuho dropped their price objective on Xcel Energy from $72.00 to $69.00 in a report on Tuesday, May 30th. Bank of America lowered shares of Xcel Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $72.00 to $60.00 in a research note on Tuesday, August 22nd. Royal Bank of Canada dropped their target price on shares of Xcel Energy from $76.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 6th. Finally, Barclays initiated coverage on shares of Xcel Energy in a research report on Thursday, August 24th. They issued an “equal weight” rating and a $60.00 price target for the company.

Xcel Energy Inc. Board Increases 2023 Common Dividend 6.7%, Declares Dividend on Common Stock

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Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states.

  • A company’s peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure.
  • It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments.
  • The company was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Xcel Energy’s stock is owned by many different institutional and retail investors.

XEL Overview

This article was generated by Benzinga’s automated content engine and was reviewed by an editor. Did you know that increasing short interest what is trendline in excel can actually be bullish for a stock? Compare
XCEL’s historical performance
against its industry peers and the overall market.

View analysts price targets for XEL or view top-rated stocks among Wall Street analysts. Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. Shares of Xcel Energy Inc. slumped 1.4% in midday trading Friday, and was the biggest decliner among the SPDR Utilities Select Sector ETF’s components. The company said it has restored service for about 80% of its custome… According to Benzinga Pro, Xcel Energy’s peer group average for short interest as a percentage of float is 2.24%, which means the company has less short interest than most of its peers.

Xcel Energy Inc. (NASDAQ:XEL) Stake Lowered by Aristotle Capital … – MarketBeat

Xcel Energy Inc. (NASDAQ:XEL) Stake Lowered by Aristotle Capital ….

Posted: Sun, 10 Sep 2023 12:28:33 GMT [source]

It is one of the largest renewable energy providers in the U.S. with half of its electricity sales coming from carbon-free energy. According to 15 analysts, the average rating for XEL stock is “Buy.” The 12-month stock price forecast is $67.29, which is an increase of 16.80% from the latest price. Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company’s peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company’s peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting.

This story was reviewed by MarketBeat’s editorial team prior to publication. The extension will enable further development, joint marketing, and sales efforts for the advancement of the carbon fuel cell technology targeted at point-of-source carbon capture applications. As you can see from the chart above the percentage of shares that are sold short for Xcel Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. While Xcel Energy currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

Company Summary

Xcel Energy announced a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.52 per share on Friday, October 20th. This represents a $2.08 annualized dividend and a dividend yield of 3.58%. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.52 per share.

Xcel Energy customers’ electric rates to increase starting Sept. 1 – The Denver Post

Xcel Energy customers’ electric rates to increase starting Sept. 1.

Posted: Sat, 19 Aug 2023 07:00:00 GMT [source]

There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” XEL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in XEL, but not buy additional shares or sell existing shares. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

Investors turn to asset classes or sectors they believe are likely to either pay a dividend or that have a low correlation to equity markets. MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy’s Sustainability Report shows over half of the power it generates across the eight states it serves now comes from carbon-free sources. MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy announced today that Timothy Welsh has been elected to the company’s board of directors, effective immediately.

The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.08 dividend on an annualized basis and a yield of 3.63%. Xcel Energy Inc. said Wednesday that it raised its quarterly dividend by 6.4%, to 45.75 cents a share from 43.00 cents. The electric and natural-gas company’s new dividend is payable April 20 to shareholders of record on … Overall, the Street has a consensus price target of $2.31 on FuelCell, alongside a Hold consensus rating. Despite today’s uptick, shares of the company are still down nearly 69% over the past year.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 12 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Xcel Energy in the last year.

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As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Style is an investment factor that has a meaningful impact on investment risk and returns.

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