![]() It reached 51% carbon reduction in June 2021. ![]() In 2019, the utility's subsidiary NSP-Minnesota filed its Minnesota resource plan, which runs through 2034. The company is focusing on transition to clean energy. The utility expects long-term earnings to grow in the 5-7% range on the back of new rates and an expanding customer base. This will not only increase the reliability of its services but also help it meet rising electricity demand effectively. Xcel Energy continues to invest substantially in its utility assets and renewable projects. Additionally, the company’s long-term (three-five years) earnings growth rate stands at 6.13%. The Zacks Consensus Estimate for 20 earnings is pegged at $2.98 and $3.17 per share each, indicating respective growth of 6.81% and 6.24% from the corresponding year-ago reported figures.
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