Xcel Energy Inc stock (US98389B1008): Is its clean energy push strong enough to unlock new upside?

Xcel Energy is rapidly transitioning to clean energy with an ambitious plan to achieve 100% carbon-free electricity by 2050, involving a $34 billion investment through 2027. This strategy, aiming for 80% carbon-free by 2030, positions the company for growth amid rising U.S. power demand from data centers and electrification. While regulatory support and stable dividends make it attractive to investors, risks such as interest rate hikes, wildfire liabilities, and supply chain issues exist.

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