How Xcel’s Google Data Center and EV Grid Projects Will Impact Xcel Energy (XEL) Investors
Xcel Energy’s latest Sustainability Report highlights grid modernization, reduced carbon emissions, and new projects like powering a Google data center and an electric school bus depot. These efforts support long-term infrastructure plans tied to data center growth and electrification. The company’s investment narrative hinges on regulated returns, rising electricity demand, and clean energy expansion. Risks include balance sheet pressure and funding costs. Xcel projects $19.1 billion revenue and $3.4 billion earnings by 2029, with fair value estimates ranging from $71 to $91 per share.
