Xcel Energy Sticks to Robust Outlook for Renewables as Wind Fuels Growth
Industry Segment: Power | Word Count: 655 Words
Attachment: Xcel2Q21
SUGAR LAND July 30, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) continued to ride the wave of an economic recovery in the second quarter, as its revenues and profits steadily improved. The company brushed aside concerns about inflation in its quarterly earnings presentation and pointed to its ongoing buildout of renewable and low-carbon power generation. Industrial Info is tracking more than $6 billion in active projects from Xcel, including nearly $1 billion worth under construction.