Xcel Energy stock rose 0.3% amid several company developments. The company announced it will power a new Google data center in Pine Island, Minnesota, with an associated Electric Service Agreement expected to contribute to the state's economy and clean energy goals. UBS upgraded Xcel Energy to Buy from Neutral on February 13, raising its price target to $89 from $81, citing undervalued growth and rising demand from data center expansion. The company appointed Rob Cain as Senior Vice President and Chief Technology Officer to lead modernization and digital solutions. During its Q4 2025 earnings call, CEO Robert Frenzel outlined plans to invest more than 60 billion dollars over five years in infrastructure upgrades and renewable energy projects. The stock reached an all-time high of 83.05 dollars, with Wall Street analysts maintaining an average Buy rating and consensus price target of 88.60 dollars.
Read full analysisXcel Energy stock rose 0.3% amid several company developments. The company announced it will power a new Google data center in Pine Island, Minnesota, with an associated Electric Service Agreement expected to contribute to the state's economy and clean energy goals. UBS upgraded Xcel Energy to Buy from Neutral on February 13, raising its price target to $89 from $81, citing undervalued growth and rising demand from data center expansion. The company appointed Rob Cain as Senior Vice President and Chief Technology Officer to lead modernization and digital solutions. During its Q4 2025 earnings call, CEO Robert Frenzel outlined plans to invest more than 60 billion dollars over five years in infrastructure upgrades and renewable energy projects. The stock reached an all-time high of 83.05 dollars, with Wall Street analysts maintaining an average Buy rating and consensus price target of 88.60 dollars.
Xcel Energy is a major U.S. regulated electric and natural gas utility serving approximately 3.9 million electricity customers across eight states, primarily in the Upper Midwest and Colorado. The company is investing over $60 billion through 2030 in grid modernization and clean energy, with data center electricity load doubling to 4 gigawatts as AI demand accelerates. Today's Google data center deal in Minnesota is the latest concrete manifestation of that growth pipeline, reinforcing the narrative behind the stock's recent push to all-time highs.