Xcel Energy stock jumps 5.24% and outperforms rivals
Updated
Updated · MarketWatch · Apr 30
Xcel Energy stock jumps 5.24% and outperforms rivals
12 articles · Updated · MarketWatch · Apr 30
Shares closed at $82.95 on Thursday, with trading volume surging to 9.1 million, double the 50-day average of 4.5 million.
The gain came as the S&P 500 rose 1.02% and the Dow added 1.62%; Xcel finished 1.52% below its 52-week high of $84.23.
Xcel beat utility peers including NextEra, Southern and Dominion, while earlier sector gains also reflected investor optimism about rising electricity demand tied to AI infrastructure expansion.
As AI data centers drive U.S. electricity demand to historic highs, can renewables and nuclear really scale fast enough to prevent a national power crunch?
With tech giants locking in gigawatt-scale power, who will ultimately bear the cost—corporations, ratepayers, or the environment?