Xcel Energy Inc. shares rose 1.5% in the trading session following the release of strong quarterly results on July 31. The company’s revenue grew 8.6% year-over-year to $3.3 billion, driven by higher electricity and natural gas revenues. Earnings per share increased 38.9% to $0.75, beating analysts’ forecasts by 19.1%.

For the full fiscal year 2025, analysts project EPS of $3.81, up 8.9% from last year. Of the 14 analysts covering the stock, 10 recommend a “Strong Buy” and four rate it as “Hold,” slightly less optimistic than three months ago. On August 1, Mizuho analyst Anthony Crowdell reiterated an “Outperform” rating and raised the price target from $74 to $78. The average forecast of $78.08 suggests a 6.6% upside, while the highest target of $83 indicates a potential increase of 13.3%.