Xcel Energy Inc. (Nasdaq:XEL), a leading electric & gas utility and renewable energy leader, today 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.
About Xcel Energy
Xcel Energy (Nasdaq:XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Such forward-looking information includes, among other things, statements concerning the expected development of future wind projects, investment amounts and expected fuel savings. Xcel Energy cautions that certain factors can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information which is subject to a number of risks, uncertainties and assumptions. The following factors, in addition to those discussed in Xcel Energy’s Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2016 may cause results to differ: the ability to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards; cost overruns; and the ability to satisfy the requirements of tax credits and other incentives. Xcel Energy expressly disclaims any obligation to update any such forward-looking information.