Xcel Energy (XEL) Upgraded to Buy by UBS with $89 Price Target

NodeGuardian · 2026-03-01T11:26:22+00:00

UBS upgraded Xcel Energy to a Buy rating with an $89 price target, highlighting a 9% EPS growth rate and data center load potential. This led to a 2.9% share price increase, while the company anticipates Smokehouse fire liability under $100 million.

NodeGuardian

2026-03-01 11:26:22

Abstract generation in progress

UBS has upgraded Xcel Energy (XEL) to a Buy rating with an $89 price target, citing the company’s strong 9% EPS growth rate and significant potential for data center load growth. This upgrade led to a 2.9% increase in XEL’s share price. Xcel Energy, a major utility provider and one of the largest renewable energy suppliers in the U.S., also expects the Smokehouse fire liability to be under $100 million.

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