Minneapolis-based Xcel Energy is an electric and natural gas utility with regulated operations in eight Western and Midwestern states. XEL provides generation, distribution, and transmission services and has a generating capacity of about 20,600 megawatts. The company provides utility services to 3.8 million electricity customers and 2.1 million natural gas customers through its regulated utilities. About one-fourth of customers are in the Denver area and are served by subsidiary PSCo. In addition to providing power, XEL has pipeline infrastructure and natural gas storage/compression operations. Of consolidated 2024 revenues, just over 80% were from electric sales. In January 2025, regulators approved a twenty year extension to operations of the utility's nuclear plant in Minnesota. XEL is ahead of its competitors in its use of biomass and wood-pellet generation. Management expects to phase out the use of coal by 2034, roughly in line with peers. XEL shares are a component of the S&P 500, and its market cap is $40 billion.

Stocks had another good day on Tuesday, with the S&P 500 (SPX), S&P 100 (OEX), Nasdaq, and Nasdaq 100 (QQQ) all rising about 0.6%. The major indices are putting together a very good streak. Over the past six days, the SPX has popped 7.8%, the best move since March 2022 (which turned out to be a bear-market rally); November 2020; and March and April 2020 (coming out of the pandemic). Prior to 2020, we have not seen that much strength over a six-day period since 2011. The Nasdaq and the QQQ have jumped 10% in six days, but this is much more common with these more-volatile indices. The major indices are quickly approaching some key pieces of resistance, so it wouldn't be surprising if stocks cooled off a bit in the not-too-distant future. The sharply declining 50-day average for the SPX will be near 5,600 in a couple of days, while a 61.8% retracement of the correction lies at 5,646. The flat 200-day is up at 5,746 and overhead supply starts at 5,700 and runs back up to the old highs above 6,100. Both the Nasdaq and the QQQ have almost reached their 50-day averages, with a 61.8% retracement for the Nasdaq coming in at 18,070 and a 61.8% take back for the QQQ at 487. The 200-day for the Nasdaq is at 18,300 and for the QQQ it is at 490. While we have seen multiple breadth thrusts, which generally bode well for the intermediate/long-term, many breadth measures remain depressed and will need to improve in the months ahead. Only 37% of the stocks in the S&P 500 are above their 200-day; for the OEX, the reading is 47%; and for the QQQ it is 43%.

Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US with more than half of its electricity sales coming from carbon-free energy.

Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US with more than half of its electricity sales coming from carbon-free energy.