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XEL

Xcel Energy

NASDAQUtilitiesUtilities - Regulated ElectricSnapshot 2026-05-08

$79.39-1.29%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, XEL has a composite score of 14.0 and a signal label of "mild favorable." The valuation score increased by 10.0 points to 56.1, leading to a change in the valuation label from "full" to "fair." The current analysis is provisional.

Composite +14as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
neutral
Mid-cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    -0.12
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
679577749381
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$79.39
TTM EPS
$3.72
Earnings yield
4.7%
P/E (TTM)
21.3

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
neutral
Mid-cohort cash conversion
Why this rank
TTM NI ($M)
1,936
TTM CFO ($M)
4,641
CFO/NI
2.40
L2

Watch

has something changed worth re-reading?
F4 · Management stability
stable
Top 20% activity in utilities cohort· see deep-dive ↓
neutral
Earnings setup · pre-print positioning
forward-looking
bullish6 PT revisions / 30d, avg 14.4% above currentfor period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $0.77 → $0.79 (+2.7% / 30d). 6 raised, 3 cut, 11 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 5 maintained. 89% of analysts rate Buy.

Price target activity

6 PT revisions / 30d. Avg target 14.4% above current price.

Material events

0 positive, 0 negative / 30d.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
1

Recent 8-K events

1 material event in the last 24 months — top 1 listed below.

2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Reaffirm EPS guidancegrowthbehind0% progress
    4/30: Xcel Energy reaffirms its 2026 ongoing earnings per share guidance of $4.04 to $4.16.
    Why this status

    Stated in 3 of last 3 quarters. Xcel Energy has consistently reaffirmed its 2026 EPS guidance of $4.04 to $4.16 per share. The ongoing earnings per share for Q1 2026 was $0.91, up from $0.84 in Q1 2025, indicating progress towards the guidance range. The trajectory is delivering as expected.

  2. 2.Increase revenue through rate casesgrowthbehind0% progressprovisional
    1/2: PSCo filed a natural gas rate case seeking an increase in revenue of $190 million or 11.6%.
    Why this status

    Stated in 2 of last 2 quarters. Xcel Energy has filed multiple rate cases, including a $190 million increase for PSCo in 2026. Revenue for Q1 2026 was $4.021 billion, up from $3.906 billion in Q1 2025, showing some progress. However, the overall status remains behind expectations.

  3. 3.Enter equity distribution agreementcapital allocationmixed35% progress
    5/1: Xcel Energy entered into an equity distribution agreement with multiple financial institutions.
    Why this status

    Newly stated in 2026-Q2. Xcel Energy entered into an equity distribution agreement to enhance capital allocation. The financial impact of this agreement is not yet reflected in the available financial data, indicating limited progress so far.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −12%, typical day ±0.8%
Why this risk level

Recent vol — 30d annualized 24%; 252d 19%.

Drawdown — Max 1y −12%. Bad day move −2%.

Beta to sector ETF (XLU) 0.05 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 68/100, drawdown 77/100, beta 5/100, earnings vol .

Sector regime
headwind-6.6%sector vs S&P 500, 60d

via XLU

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. score change · valuation_score
    severity 20

    Valuation rose by 10.0 points (from 46.1 to 56.1).

  2. label change · valuation_label
    severity 20

    Valuation label changed from 'full' to 'fair'.

As of 2026-05-08, the valuation score for XEL increased by 10.0 points, changing from 46.1 to 56.1. The valuation label transitioned from 'full' to 'fair'. The overall scores indicate a composite score of 14.0 with a confidence label of 'medium' and a risk label of 'moderate'. The data is provisional.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite45.5 / 100
Capital allocation47
Earnings discipline50
Margin discipline53
Balance sheet26
Guidance credibility
Post-call reaction49
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Reaffirm EPS guidance

    GrowthNew since 2026-05-04

    Xcel Energy continues to reaffirm its 2026 EPS guidance of $4.04 to $4.16 per share.

    WatchBehind

    Stated in 3 of last 3 quarters. Xcel Energy has consistently reaffirmed its 2026 EPS guidance of $4.04 to $4.16 per share. The ongoing earnings per share for Q1 2026 was $0.91, up from $0.84 in Q1 2025, indicating progress towards the guidance range. The trajectory is delivering as expected.

    0%
    CEO/CFO:Xcel Energy reaffirms its 2026 ongoing earnings per share guidance of $4.04 to $4.16.
    Earnings callSource dated 2026-04-30Stated 3 of last 8 quartersFirst seen 2026-05-04
    Show history (3)
    • 2026-Q1Earnings call

      Xcel Energy reaffirms its 2026 ongoing earnings per share guidance of $4.04 to $4.16.

    • 2025-Q4Earnings call

      Xcel Energy reaffirms 2026 EPS guidance of $4.04 to $4.16 per share.

    • 2025-Q3Earnings call

      Xcel Energy Inc. reaffirms its 2025 ongoing earnings per share (EPS) guidance of $3.75 to $3.85 per share.

  • #2

    Increase revenue through rate cases

    GrowthNew since 2026-05-04

    Xcel Energy aims to increase revenue by filing rate cases with regulatory commissions.

    Behind

    Stated in 2 of last 2 quarters. Xcel Energy has filed multiple rate cases, including a $190 million increase for PSCo in 2026. Revenue for Q1 2026 was $4.021 billion, up from $3.906 billion in Q1 2025, showing some progress. However, the overall status remains behind expectations.

    0%
    CEO/CFO:PSCo filed a natural gas rate case seeking an increase in revenue of $190 million or 11.6%.
    Press releaseSource dated 2026-01-02Stated 2 of last 8 quartersFirst seen 2026-05-04provisional
    Show history (2)
    • 2026-Q1Press release

      PSCo filed a natural gas rate case seeking an increase in revenue of $190 million or 11.6%.

    • 2025-Q4Press release

      PSCo filed an electric rate case seeking an increase in revenue of $356 million or 9.9%.

  • #3

    Enter equity distribution agreement

    Capital allocationNew since 2026-05-04

    Xcel Energy entered into an equity distribution agreement to manage capital allocation.

    BehindMixed

    Newly stated in 2026-Q2. Xcel Energy entered into an equity distribution agreement to enhance capital allocation. The financial impact of this agreement is not yet reflected in the available financial data, indicating limited progress so far.

    35%
    CEO/CFO:Xcel Energy entered into an equity distribution agreement with multiple financial institutions.
    Multiple sourcesSource dated 2026-05-01Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q2Multiple sources

      Xcel Energy entered into an equity distribution agreement with multiple financial institutions.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
44higher = cheaper

Roughly priced in line with peers.

Compared to its own history
76higher = cheaper

Cheaper than its own typical valuation.

P/E
20.8x
EV/EBITDA
9.0x
FCF yield
-26.0%

P/E over the last 5 years

71 monthly points
fairas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
XEL
Xcel Energy
+14fairmoderate
NEE
NextEra Energy
+19fullmoderate
CEG
Constellation Energy
+16fullelevated
SO
Southern Company
+19fairmoderate
DUK
Duke Energy
+28inexpensivemoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
0.8%
A bad day (95th %ile)
A rough but not unusual down day.
-1.7%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-11.5%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If utilities sector trend rises from -0.04 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-04-30)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-04-30)-8.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
  • If utilities sector trend falls from -0.04 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-04-309d agoItem 2.02

    Results of Operations and Financial Condition On April 30, 2026, Xcel Energy released earnings results for the first quarter of 2026. See additional information in the Earnings Release furnished as exhibit 99.01.

    earnings preannouncementneutralscore 54
  2. 2026-05-018d agoItem 8.01

    Other Events. On May 1, 2026, Xcel Energy Inc. (“Xcel Energy”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with (i) Barclays Capital Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., BNY Mellon Capital Markets, LLC, BofA Securities, Inc., BTIG, LLC, CIBC World Markets Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Huntington Securities, Inc., Jefferies LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Sec…

    capital allocationneutralscore 43
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-25 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.