UBS Upgrades Xcel Energy (XEL) on Undervalued Growth and Data Center Demand

NodeGuardian · 2026-02-27T10:35:05+00:00

UBS upgraded Xcel Energy to Buy, raising the price target to $89, citing undervalued growth potential and rising demand from data centers. The firm highlights Xcel's 9% earnings growth and $60 billion investment plans for infrastructure and renewable energy projects.

NodeGuardian

2026-02-27 10:35:05

Abstract generation in progress

UBS has upgraded Xcel Energy (XEL) to Buy from Neutral, raising its price target to $89 due to the stock’s undervalued growth potential and increasing demand from data centers. Analyst William Appicelli notes that Xcel Energy trades at a discount despite offering fully regulated earnings growth of about 9% and significant investment plans exceeding $60 billion over the next five years. The company is strategically expanding its infrastructure to meet growing demand and transitioning its generation mix with new renewable and natural gas projects.

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