Xcel Energy Inc. (Nasdaq:XEL), a leading electric & gas utility and renewable energy leader, began trading on the Nasdaq Global Select Market (Nasdaq). The company announced a voluntary transfer from the New York Stock Exchange (NYSE) to Nasdaq last month.
Xcel Energy is the first Fortune 500 utility listed on Nasdaq. The company serves 3.6 million electric and 2.0 million gas customers across eight Western and Midwestern states and is the nation’s No.1 utility wind energy provider, a ranking it’s held for more than a decade.
“We are pleased to join Nasdaq and its listed companies that are renowned leaders in their respective industries,” said Ben Fowke, chairman, president, CEO, Xcel Energy. “At Xcel Energy, we’re leading the transition to clean energy. Harnessing wind allows us to deliver lower prices and cleaner energy to our customers today and in the decades to come. Our investment strategy provides tremendous value for our shareholders and our customers.”
Following an initial listing period, Xcel Energy is expected to be included in the Nasdaq 100 Index which represents the largest non-financial domestic and international securities listed on the Nasdaq Stock Market based on market capitalization.
Xcel Energy | http://www.xcelenergy.com