Xcel Energy Announces Closing of Common Stock Offering with a Forward Component
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Xcel Energy has closed its offering of 18,320,610 shares of common stock, raising approximately $1.18 billion. Barclays, BofA Securities, Citigroup, and Wells Fargo Securities managed the offering.
November 05, 2024 | 4:00 pm
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Xcel Energy has completed a significant stock offering, raising $1.18 billion. This move could impact the stock price due to the increased number of shares in the market.
The issuance of new shares typically leads to a dilution of existing shares, which can put downward pressure on the stock price in the short term. The significant amount raised ($1.18 billion) and the involvement of major financial institutions suggest a well-received offering, but the increased supply of shares may still lead to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100