New York-based Consolidated Edison, Inc. (ED) engages in the regulated electric, gas, and steam delivery businesses in the United States. The company has a market cap of $39.8 billion and serves approximately 3.7 million customers in New York City and Westchester County, and also provides gas and steam to millions.
The energy company’s shares have lagged behind the broader market over the past year, growing 1.7% compared to the S&P 500 Index’s ($SPX) 21.3% surge. Moreover, in 2026, the stock has rallied by nearly 7%, underperforming the SPX’s 13.3% rise as well.
