Xcel Energy’s stock leads utilities sector in losses as about 15,000 Colorado customers remain without power
Shares of Xcel Energy Inc.
XEL,
slumped 1.4% in midday trading Friday, and was the biggest decliner among the SPDR Utilities Select Sector ETF’s components. The company said it has restored service for about 80% of its customers that lost power as a result of the “extremely high winds and wildfires” in Colorado. The company said about 15,000 customers remain without power, which suggests about 75,000 customers had lost power. The company said it currently has about 350 employees and contractors working to restore power. Xcel’s stock has now gained 0.9% this year, while the S&P’s utilities sector ETF
XLU,
has gained 13.8% and the S&P 500
SPX,
has advanced 27.1%.
