On September 29, 2026, Scotiabank initiated coverage of Xcel Energy Inc. – Preferred Stock (NASDAQGM:XELLL) with a recommendation of Sector Outperform. The stock closed at $20.96 on the same day, down from a pre-action close of $21.21 on September 28, 2026, marking a weekly decline of 4.90% from a baseline close of $22.04 on September 22, 2026.
Prior to this, on September 18, 2026, Morgan Stanley maintained an Equal-Weight rating. As of September 14, 2026, the consensus target mean price for Xcel Energy was $26.99, implying a potential increase of 28.79% from the current trading price. Analyst recommendations for the company totaled 23 for the period ending September 1, 2026, with 91.3% categorized as positive (7 strong buy, 14 buy, and 2 hold).
Xcel Energy, a utility company operating in several U.S. states including Minnesota, Colorado, and Texas, aims for net-zero greenhouse gas emissions by 2050, leveraging investments in renewable energy solutions.
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