Scotiabank upgrades Xcel Energy stock to Strong Buy
Published on 10/02/2026 at 14:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Xcel Energy (ISIN US98389B1008) was trading at EUR 62.75 at Lang & Schwarz on October 2, 2026 at 2:02 p.m. CEST, unchanged versus the prior close of EUR 62.75. On September 30, 2026, Scotiabank upgraded Xcel Energy to Strong Buy, MarketBeat reported.
Analyst sentiment turns more positive
The upgrade adds to a consensus Buy view among analysts. MarketBeat said on September 29, 2026 that 13 analysts rated the stock Buy, two rated it Strong Buy and one issued a Hold rating. The average 12-month target was USD 92.56, while Xcel Energy's Nasdaq price stood at USD 70.55 on October 1, 2026.
That target is USD 22.01 above the Nasdaq price, a difference of 31.20 percent calculated against USD 70.55. The comparison gives the rating change a clear valuation context, although the target and the Lang & Schwarz price are quoted in different currencies and are not combined into one return figure.
Profit beats while revenue declines
Xcel Energy reported second-quarter 2026 earnings per share of USD 0.93, above the USD 0.79 consensus estimate by USD 0.14, according to MarketBeat. Revenue was USD 3.12 billion in the same quarter, down 5.10 percent from the prior-year quarter and below the USD 3.54 billion consensus.
The split between earnings and revenue matters for the next report. Xcel Energy's net income was USD 586.0 million in the second quarter of 2026, while operating cash flow reached USD 1.1 billion for the period.
October 29 report sets the next test
Xcel Energy's next earnings report is scheduled for October 29, 2026, before the market opens, with consensus earnings per share of USD 1.31 and expected revenue of USD 4.24 billion, according to MarketBeat. The upcoming comparison will show whether the second-quarter earnings beat can coexist with a recovery in revenue.
EUR 62.75 remains unchanged
At Lang & Schwarz, Xcel Energy was trading at EUR 62.75 on October 2, 2026 at 2:02 p.m. CEST, unchanged from the prior close of EUR 62.75. On Nasdaq, the stock closed at USD 70.55 on October 1, 2026.
The further course of trading is shown by the continuously updated real-time quote of Xcel Energy stock.
Xcel Energy stock facts
- Company: Xcel Energy Inc.
- ISIN: US98389B1008
- WKN: 855009
- Ticker: XEL
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 2, 2026, 2:02 p.m. CEST: EUR 62.75
- Change versus prior close: 0.00 percent
- Prior close Lang & Schwarz October 1, 2026: EUR 62.75
- Market capitalization: USD 44.1 billion (as of October 1, 2026)
- 52-week range: USD 68.72-84.23 (as of October 1, 2026)
- Sector / Industry: Utilities / Regulated Electric
- Index membership: S&P 500
- Next earnings date: October 29, 2026
