Xcel Energy stock slips 1.10% and underperforms in positive market session
Updated
Updated · MarketWatch · May 6
Xcel Energy stock slips 1.10% and underperforms in positive market session
4 articles · Updated · MarketWatch · May 6
The shares closed at $80.55 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
Xcel ended 4.37% below its 52-week high of $84.23, reached on 26 February, while trading volume jumped to 6.7 million shares from a 50-day average of 4.5 million.
Among peers, NextEra Energy fell 0.92% to $95.39, Southern dropped 2.49% to $93.51 and Dominion Energy declined 2.14% to $61.64, leaving Xcel with mixed relative performance.
As Xcel bets big on powering data centers, can it outrun its staggering wildfire liabilities?
Are frequent, planned power shutoffs the unavoidable price for public safety in Xcel's service areas?