Xcel Energy slumps as wildfires scorch Colorado coverage area
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Xcel Energy (XEL
-2.2%) is one of today's largest losers on the S&P 500 as Colorado wildfires caused by strong winds destroy power lines and transformers and burn hundreds of homes near Boulder.

Downed power lines appear to have caused the Marshall Fire, the Boulder County sheriff says, and strong winds added to the difficulties in battling the fire.
The company says it has restored electricity for 80% of its customers but ~15K remain without power.
Thursday's event was a "truly historic windstorm," with winds gusting over 100 mph in Jefferson and Boulder counties and fueling the fires, the National Weather Service said.
Boulder and surrounding counties are classified as under an "extreme drought," with barely more than an inch of precipitation during last six months.
Winds dropped early today to below 20 mph, and the area now is under a winter weather warning, with heavy snowfall expected, CNN reports.
Xcel's revenue and earnings have "healthily grown above even pre-COVID levels in the first three quarters of this year," Kody's Dividends writes in a bullish analysis published on Seeking Alpha.