With a market cap of $38.2 billion, Xcel Energy Inc. (XEL) is a utility holding company that generates, transmits, and distributes electricity and natural gas across several U.S. states, using a diverse energy mix including wind, solar, nuclear, hydro, and fossil fuels. Based in Minneapolis, Minnesota, the company serves residential, commercial, and industrial customers while focusing on clean energy initiatives.
Shares of the utility company have underperformed the broader market over the past 52 weeks. Xcel Energy stock has returned 14.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.6%. Moreover, shares of XEL are down 1.4% on a YTD basis, compared to SPX's 2.5% gain.
