Form 4 XCEL ENERGY INC For: Mar 01 Filed by: Rome Amanda J
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Xcel Energy (XEL) states its facilities 'appear to have been involved' in Texas wildfire
March 7, 2024 1:35 PM ESTXcel Energy (NASDAQ: XEL) said its equipment appears to have been involved in the ignition of the Smokehouse Creek fire in the Texas Panhandle. The company, however, disputes allegations of negligence in the maintenance and operation of its infrastructure.
The wildfires have ravaged... More
Citi on Xcel Energy (XEL) Impacts from Texas Fires: 'Current Reported Property Damage, May Be Less Than $500M Insurance'
March 6, 2024 6:02 AM ESTCiti analyst Ryan Levine reiterated a Neutral rating and $71.00 price target on Xcel Energy (NASDAQ: XEL)
The analyst comments "Current Reported Property Damage, May Be Less Than $500M Insurance We used two approaches to arrive at $46-48M implied cost for ~350 structures... More
