On Apr. 3, 2013, the shares of power transmission,
distribution and generation operator
Xcel Energy Inc.
) climbed to a new 52-week high of $30.07 driven by a string of
successful midstream initiatives. Xcel Energy continued with its
good run by reporting consistent earnings surprise in the past
four quarters bringing the average surprise to 5.79%.
Competitive power rate offerings, favorable outcomes from NSP
Minnesota and NSP Wisconsin regulatory cases as well as tighter
cost-containment efforts proved to be the key factors propelling
the company's stock to a new high.
In the meantime, the company's increasing focus towards
creating a balanced generation assets met with success as it
accomplished a generating capacity of 1,713 megawatt of wind
energy in Colorado.
With the current pulse in the U.S. market that favors clean
energy, we believe Xcel Energy's target of 30% power generation
from renewables by 2020 will sit well with the company's future
Upon receiving regulatory consent, Xcel Energy's premier
CapX2020 transmission project is expected to be the major
highlight in 2013. Moreover, its infrastructure upgrade program
will result in greater service reliability and help retain its
Furthermore, a sound liquidity position will allow the company
to fulfill its future financial commitments while stable credit
ratings would further help Xcel Energy to raise debt and reduce
Presently, Xcel Energy carries a Zacks Rank #2 (Buy). However,
other utility stocks currently performing well are Zacks Rank #1
Otter Tail Corp.
Pike Electric Corp.
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