These Underrated Energy Stocks Are Poised for a Rebound
Energy stocks have been red-hot this year, but if you think you missed the bus, you might want to check out some energy stocks that are flying under the marker's radar. Here are three solid energy stocks that haven't gotten as much love yet but look primed for a rebound, given their dividend and growth potential.
Xcel Energy (NASDAQ: XEL) shares are barely in the green so far this year, but a utility stock with defined growth goals deserves better. To put some numbers to that, Xcel Energy's long-term financial goals include:
Xcel Energy has increased its dividend every year since 2005, but growth has accelerated in recent years. To drive its EPS and dividend growth through 2025, Xcel Energy is banking on two things: an above 6% growth in base rate and capital spending worth nearly $23.5 billion, and significant investment in clean energy. In fact, Xcel aims to deliver 100% carbon-free electricity by 2050 and power 1.5 million electric vehicles by 2030. The company has nearly 3.7 million electricity customers and 2.1 million natural as customers across eight western and Midwestern U.S. states.
Source Fool.com
