Mizuho lowered its price target on Xcel Energy to $91 from $94 while maintaining an Outperform rating. The revised target still implies nearly 12% upside from current levels. The firm cited continued regulatory execution, including resolved rate cases in Colorado, New Mexico, and Minnesota, and a verbal order on the Minnesota electric rate case. Mizuho sees regulatory de-risking and the end of wildfire season as potential catalysts for a re-rating. Xcel targets 2026 earnings of $4.04 to $4.16 per share and expects 9% average annual EPS growth through 2030.
Xcel Energy IncMizuho maintains Outperform rating and revised price target implies 12% upside, citing regulatory progress and catalysts.