Xcel Energy Included in Soros Portfolio as Analysts Adjust Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2026
0mins
Source: Yahoo Finance
- Price Target Adjustment: Truist lowered Xcel Energy's price target from $95 to $92 while maintaining a Buy rating, reflecting confidence in the utility sector's ability to benefit from data center growth, indicating analysts' optimism about future demand.
- Infrastructure Investment: Xcel Energy invested over $3 billion in new infrastructure during Q1 2026, with CEO Robert Frenzel emphasizing the company's commitment to completing its largest capital investment program in history, signaling strong growth prospects ahead.
- Data Center Agreement: The 15-year agreement with Google will have Google cover all service and infrastructure costs, expected to generate $1 billion to $1.5 billion in customer savings, showcasing Xcel Energy's strategic positioning amid rising demand from large customers.
- New Capacity Development: The non-exclusive agreement with NextEra Energy will support 2 gigawatts of new data center capacity, demonstrating the company's proactive efforts to meet increasing power demands and further solidifying its market position.
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Analyst Views on TFC
Wall Street analysts forecast TFC stock price to rise
17 Analyst Rating
10 Buy
6 Hold
1 Sell
Moderate Buy
Current: 50.980
Low
50.00
Averages
55.93
High
64.00
Current: 50.980
Low
50.00
Averages
55.93
High
64.00
About TFC
Truist Financial Corporation is a financial services company. It offers a range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Its segments include Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB). CSBB segment serves retail, premier, and small business clients, providing checking, money market, savings, time and other deposits, payment services, and lending solutions through digital banking, an extensive network of community banking branches, ATMs, virtual service centers, and other channels. WB segment provides a comprehensive set of products, solutions, and advisory services to commercial, corporate, institutional, and wealth clients. It also invests in certain affordable housing, new market tax credit, and renewable energy tax credit investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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