Xcel Energy stock: HSBC starts coverage on Xcel Energy stock at USD 89.00
Published on 10/24/2026 at 04:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst coverage and earnings date
- HSBC began coverage with an USD 89.00 target on October 22, 2026.
- Second-quarter 2026 revenue reached USD 3.119 billion versus USD 3.287 billion a year earlier.
- Xcel Energy had a USD 48.8 billion market capitalization as of October 23, 2026.
Xcel Energy (ISIN US98389B1008) drew new HSBC coverage with an USD 89.00 price target on October 22, 2026, according to Investing.com. The call adds a positive data-center growth view to a market debate that has also produced several target reductions.
HSBC sets an USD 89.00 marker
HSBC cited Xcel Energy's rate-base expansion and large-load demand in its October 22, 2026 research note. The firm projected rate-base growth of 14 percent annually from 2026 to 2030 and earnings-per-share growth of 9 percent annually over the same period, according to Investing.com.
Three targets reset the debate
The recent sequence shows a divided valuation picture. Barclays cut its target from USD 90.00 to USD 85.00 on October 15, 2026, according to MarketScreener. Morgan Stanley then raised its target from USD 83.00 to USD 85.00 on October 21, 2026, according to MarketScreener. HSBC's USD 89.00 target followed on October 22, 2026.
What does October 29 bring?
Xcel Energy is scheduled to release third-quarter 2026 results on October 29, 2026, according to MarketScreener. The upcoming report will test whether the growth case can offset regulatory concerns and financing pressure highlighted in recent analyst notes.
Xcel Energy's second-quarter 2026 operating revenue was USD 3.119 billion, down from USD 3.287 billion in the second quarter of 2025, while GAAP net income rose to USD 586 million from USD 444 million. Diluted GAAP earnings per share increased to USD 0.93 from USD 0.75, and the company maintained 2026 ongoing earnings guidance of USD 4.04 to USD 4.16 per share, according to Business Wire.
Xcel Energy stays below its yearly high
Xcel Energy's primary-market indication was last at USD 78.05 on October 23, 2026 at 4:00 p.m. ET on Nasdaq. Its market capitalization was USD 48.8 billion, with a 52-week range of USD 68.72 to USD 84.23 as of the same quote period. The figures frame the USD 89.00 HSBC target against a stock trading below its annual high.
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
- Ticker: XEL
- Primary exchange: Nasdaq
- Market capitalization: USD 48.8 billion (as of October 23, 2026)
- 52-week range: USD 68.72-84.23 (as of October 23, 2026)
- Sector / Industry: Utilities / Electric Utilities
- Index membership: S&P 500
Market context: Market report S&P 500.
