Minneapolis, Minnesota-based Xcel Energy Inc. (XEL) generates, purchases, transmits, distributes, and sells electricity. With a market cap of $39.4 billion, Xcel operates through the Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments.
The utilities major has lagged behind the broader market over the past year. XEL has gained 10.9% on a YTD basis and 16% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 25.8% gains in 2024 and 35.9% return over the past year.
