Getting your player ready...
James Bellessa, who rates Xcel’s stock for the D.A. Davidson & Co. investment and research firm, dedicated a recent research note to the potential impact that Boulder could have on Xcel if it leaves the company’s service area.
Bellessa — one of 15 major analysts who cover the company — concludes in his report to investors that Xcel should work to keep Boulder as a customer.
“It is our view that it is in Xcel’s interest to retain/renew the Boulder franchise, as the absence of this progressive city’s customer base could be material over time,” the report reads. “Revenues from customers within Boulder have been estimated by the city’s advisors at $88 million for 2011 and growing to $182 million in 2020.”
Read the rest of this report at .
