NasdaqGS:XELElectric Utilities
Xcel Energy’s US$4.3b Equity Raise And What It Means For Valuation
Xcel Energy, NasdaqGS:XEL, has launched a follow on equity offering totaling $4.3b in new common stock.
The company is raising a substantial amount of capital that is separate from routine earnings or guidance updates.
Xcel Energy is coming to market with a large equity raise at a time when its shares last closed at $82.58. The stock has logged a 20.4% return over the past year and is up 10.6% year to date, alongside gains of 4.3% over the past week and 3.6% over the past month. For...