Xcel Energy Inc

XEL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$89.00	Dcwwnj	Dttntlqj

Xcel Energy: Texas Panhandle Wildfire Brings Liability Risks; Cutting Fair Value Slightly

Travis Miller

Mar 1, 2024

We are cutting our fair value estimate to $60 from $61 after incorporating an early, probability-adjusted estimate for potential liabilities from the Smokehouse Creek wildfire in the Texas Panhandle. We are reaffirming our narrow moat rating.

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