Xcel Energy Inc

NASDAQ: XEL
$53.17
-$0.32 (-0.6%)
Closing price April 12, 2024
Xcel Energy Inc is a major utility company that provides electricity and natural gas services across eight states, including Colorado, Michigan, and Texas. Founded in 1909 and based in Minneapolis, Minnesota, Xcel Energy stands out for its diverse energy generation methods. The company harnesses power from a variety of sources such as wind, solar, nuclear, and hydroelectric, alongside traditional fuels like coal and natural gas. Beyond energy generation and distribution, Xcel Energy is involved in natural gas pipeline development and even participates in housing projects. It caters to a wide range of customers, from residential to industrial sectors.
Coal is playing a smaller and smaller role in U.S. electricity generation, and while the switch to renewable sources is picking up speed, it may not be moving fast enough.
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