Global coal demand is set to plateau through 2027 -IEA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Source: SeekingAlpha
Renewable Energy Impact: A new IEA report indicates that the rapid deployment of renewable energy technologies is expected to stabilize global coal demand through 2027, despite rising electricity consumption, particularly in China.
Emerging Economies Growth: While global coal use is projected to plateau, demand continues to rise in emerging economies like India, Indonesia, and Vietnam due to increasing electricity needs driven by economic and population growth.
Analyst Views on XEL
Wall Street analysts forecast XEL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XEL is 88.86 USD with a low forecast of 79.00 USD and a high forecast of 97.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 75.860
Low
79.00
Averages
88.86
High
97.00
Current: 75.860
Low
79.00
Averages
88.86
High
97.00
About XEL
Xcel Energy Inc. is an electric and natural gas delivery company. The Company provides a comprehensive portfolio of energy-related products and services to approximately 3.9 million electric customers and 2.2 million natural gas customers through four utility subsidiaries, NSP-Minnesota, NSP-Wisconsin, PSCo and SPS. The Company operates through two segments. Its regulated electric utility segment generates, purchases, transmits, distributes and sells electricity in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. The regulated electric utility segment also includes wholesale commodity and trading operations. Its regulated natural gas utility segment purchases, transports, stores, distributes and sells natural gas primarily in portions of Colorado, Michigan, Minnesota, North Dakota and Wisconsin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
