![]() >Send me my free report on the top 5 EV stocks Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. So, the fervor for EVs will be around long after gas prices normalize. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. Globally, electric car sales continue their remarkable growth even after breaking records in 2021. Long-term (three- to five-year) earnings growth of Ameren Corporation, CenterPoint Energy and NiSource is pegged at 6.86%, 6% and 6.8%, respectively.įree Report Reveals How You Could Profit from the Growing Electric Vehicle Industry The Zacks Consensus Estimate for Ameren Corporation, CenterPoint Energy and NiSource’s 2023 EPS indicates increases of 5.1%, 7.97% and 6.12%, respectively. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. ![]() NI, each carrying a Zacks Rank #2 at present. Some other top-ranked stocks from the same industry are Ameren Corporation AEE, CenterPoint Energy, Inc. Delay in collection of fuel cost recoveries could impact Xcel Energy’s cash flows and liquidity. The company’s interest charges and financing costs increased to $925 million in 2022 from $816 million in 2021. The profitability of Xcel Energy’s operations is based on the ability to recover energy providing and utility services cost, and earn a return on capital investment. Xcel Energy’s risks related to commodity price fluctuations, rising interest rates, failure of transmission and distribution lines, along with strict environmental legislations, are headwinds for the company. It also plans to add new projects to achieve its goal of carbon neutrality by 2050. Xcel Energy targets to lower emissions by at least 80% by 2030. ![]() Xcel Energy’s high-quality wind farms lowered emission and generated nearly $3 billion of fuel-related customer savings and PTCs since 2017. ![]() The company's total wind capacity is 11,000 MW, out of which 4,500 MW is from owned wind farms. After completing six wind projects with 1,500 MW capacities in 2020, the company completed four wind farms, adding another 800 MW of clean energy generation capacity to its portfolio. Xcel Energy is focusing on clean-energy transition. This resulted in an annual dividend of $2.08 per share for 2023, indicating a 6.7% increase from the previous year's figure. Recently, its board of directors had increased dividends for 19th consecutive year. Xcel Energy aims to increase shareholder value by a 5-7% dividend rate hike, annually. These investments are aimed to strengthen and expand the company’s transmission, distribution, electric generation and renewable projects. Xcel Energy aims to spend $29.5 billion during the 2023-2027 time period, which excludes $2-$4 billion of potential incremental investment opportunities planned in the same time frame. However, this Zacks Rank #2 (Buy) stock has to face risks due to price fluctuations, failure of transmission and distribution lines. The company’s dividend hike makes it an attractive option for investors. Xcel Energy Inc.’s XEL investments in infrastructure projects, focus on renewable expansion, strengthening rate base and consistent customer base growth will boost its earnings performance.
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