Xcel Energy (XEL) Strong on Capex and Clean Energy Plans
Zacks Investment Research | Dec 19, 2021 08:29PM ET
Xcel Energy Inc (NASDAQ:XEL).’s LNT . While DUK and DTE carry a Zacks Rank#3, LNT holds a Zacks Rank#2 (Buy). All three stocks are planning to provide absolute clean energy by 2050.
DTE Energy remains committed to reducing carbon emissions fromelectric utility operations by 32% within 2023, 50% by 2030 and 80% by 2040 from the 2005 carbon emissions levels. Duke Energy plans to reduce its carbon footprint between 55% and 75% through 2035. Alliant Energy targets to retire all the existing coal-fired generation units by 2040 to lower emissions from the 2005 baseline by 50% within 2030.
Xcel Energy has liquidity worth $2,871 million as of Oct 26, which is sufficient to fulfill its near-term obligations.
Headwinds/h3
XEL’s natural gas transmission and distribution operations are exposed to several risks associated with leaks and mechanical setbacks impacting its normal operations. Also, XEL’s business activities are susceptible to cyber security hazards, which might induce valuable data loss. It is subject to comprehensive environmental guidelines too, which could shoot up its operating costs.
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