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Xcel Energy Inc.
Xcel Energy Inc. (NASDAQ: XEL) is an electric and natural gas delivery company. The Company provides a comprehensive portfolio of energy-related products and services to approximately 3.8 million electric customers and 2.2 million natural gas customers through four utility subsidiaries, NSP-Minnesota, NSP-Wisconsin, PSCo and SPS. The Company operates in two segments.
As per our previous US Dividend Income report published on ‘XEL’ on 22nd May 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 56.09 based on fundamental analysis and the stock price has now moved by ~14.12% since then and is trading near resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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