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

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.