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Xcel Energy Inc. (NASDAQ:XEL) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom. On June 9, Truist Financial Analyst Richard Sunderland maintained a Buy rating on Xcel Energy, according to a report by TipRanks.

According to a report by Investing.com on June 8, KeyBanc reiterated its Overweight rating on Xcel Energy, maintaining a price target of $90.00 price, following a Colorado rate case settlement. The analyst highlighted that among the factors supporting the stock returning to a modest premium are its long-term earnings growth trajectory and the alleviation of several key overhangs.

For the first quarter of the year, Xcel Energy reported GAAP earnings of $556 million, or $0.89 per share, an increase from the $483 million, or $0.84 per share, in the same period last year. It also reported higher ongoing earnings of $567 million, or $0.91 per share, compared with $483 million or $0.84 per share in the same period a year ago.

Based on 22 analyst ratings compiled by CNN, 86% assigned a Buy rating to Xcel Energy, while 9% assigned a Hold rating. The stock has a median price target of $92, an 18.15% upside from the current price of $77.87.

Xcel Energy Inc. (NASDAQ:XEL) is an electricity and natural gas company operating in eight Western and Midwestern states. The company offers a comprehensive portfolio of energy-related products and services to millions of electricity and natural gas customers through its regulated operating companies.

While we acknowledge the potential of XEL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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