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Is Xcel Energy Poised for Long-Term Growth?

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Dec. 4 2020, Updated 10:52 a.m. ET

Xcel Energy’s strategic plan

Xcel Energy’s (XEL) capital spending plan and actions to reduce regulatory lags could improve its earnings growth significantly during the next few years. Its rate base growth of nearly 4% annually could also drive its performance ahead.

The chart below indicates how Xcel’s management is focusing on the company’s overall efficiency, which should improve its performance.

Notably, US utilities (XLU) (IDU) are experiencing squeezed margins, with costs increasing and electricity consumption falling. Xcel Energy’s geographically functionally diversified rate base could maintain its earnings in the future.

In the next part of this series, we’ll compare key valuations of Xcel and its major peers.

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