Xcel Energy stock slides 1.29% and underperforms competitors
Updated
Updated · MarketWatch · May 8
Xcel Energy stock slides 1.29% and underperforms competitors
10 articles · Updated · MarketWatch · May 8
The shares closed at $79.39 on Friday, their third straight daily loss, as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02%.
Xcel lagged peers including NextEra Energy, down 0.24%, Southern Co, down 0.68%, and Dominion Energy, which gained 0.45% in the broadly stronger session.
The stock finished 5.75% below its 52-week high of $84.23 reached on 26 February, while trading volume of 4.6 million was slightly below its 50-day average.
Can utilities meet AI's relentless power demand while still achieving their ambitious clean energy and coal phase-out goals?
As AI's energy thirst grows, what protects consumers from footing the bill for the massive grid upgrades required by tech giants?