Bullish Case: Xcel Energy's increased local economic contribution and charity donations [myhighplains.com], the expansion of its Renewable Battery Connect program [pv-magazine-usa.com], and the approval of their request to increase storage at the Monticello nuclear plant may bolster positive investor sentiment [duluthnewstribune.com].


Show historical bullish cases

Bearish Case: The merging of seven lawsuits in relation to the Marshall Fire [CBS], regulatory setbacks in Minnesota and Colorado [seekingalpha.com], and investigations into a recent mail scam [news8000.com] could potentially create a difficult environment for Xcel Energy.


Show historical bearish cases

Takeaway: Xcel Energy's navigates a mixed landscape of opportunities and risks ranging from its expanding commitment to renewable energy and community impact, to lawsuits and regulatory setbacks.


Show historical takeaways

Potential Outcomes:

1. Increased local contributions and charity efforts leads to improved public sentiment (65% chance) [myhighplains.com].

2. Approval for additional storage at Monticello nuclear plant could extend operations, benefiting long-term company sustainability (70% chance) [duluthnewstribune.com].

3. The Renewable Battery Connect program performs well, improving the company's renewable energy profile (60% chance) [pv-magazine-usa.com].

4. Lawsuits related to the Marshall Fire result in substantial financial or reputational damage (50% chance) [CBS].

5. Mail scam investigations adversely affect customer trust and relationships (40% chance) [news8000.com].


September 12, 2023



Correlated Stock Forecasts

Assets that tend to move strongly with XEL



O Forecast + Options Trading Strategies   [O]  Realty Income (0.74)


HL Forecast + Options Trading Strategies   [HL]  Hecla Mining (0.66)


YINN Forecast + Options Trading Strategies   [YINN]  Direxion Daily FTSE China Bull 3X Shares (0.65)


SYY Forecast + Options Trading Strategies   [SYY]  Sysco (0.65)


GEO Forecast + Options Trading Strategies   [GEO]  Geo Group (0.64)



Uncorrelated Stock Forecasts

Assets with little price relationship to XEL



JMIA Forecast + Options Trading Strategies   [JMIA]  Jumia Technologies Ag (-0.0)


LYFT Forecast + Options Trading Strategies   [LYFT]  Lyft (-0.01)


RCUS Forecast + Options Trading Strategies   [RCUS]  Arcus Biosciences (0.01)


XRX Forecast + Options Trading Strategies   [XRX]  Xerox (-0.01)


FOUR Forecast + Options Trading Strategies   [FOUR]  Shift4 Payments (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XEL



PGNY Forecast + Options Trading Strategies   [PGNY]  Progyny (-0.64)


IONQ Forecast + Options Trading Strategies   [IONQ]  IonQ (-0.64)


CFLT Forecast + Options Trading Strategies   [CFLT]  Confluent (-0.67)


OPEN Forecast + Options Trading Strategies   [OPEN]  Opendoor (-0.67)


HLLY Forecast + Options Trading Strategies   [HLLY]  Holley (-0.76)