About Xcel Energy
Xcel Energy is a company based in Minneapolis (United States) founded in 1904.. The company has 11,380 employees as of December 31, 2024. Xcel Energy operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Duke Energy, ScottishPower and EDP Renewables, among others.
- Headquarter Minneapolis, United States
- Employees 11380 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Xcel Energy Inc.
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Annual Revenue
$13.47 B-5.24as on Dec 31, 2024
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Net Profit
$1.94 B9.32as on Dec 31, 2024
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EBITDA
$5.31 B2.33as on Dec 31, 2024
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Latest Funding Round
$100 M (USD), Grant
Oct 18, 2023
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Investors
DOE
& 1 more
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Employee Count
11380
as on Dec 31, 2024
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IPO & Listings of Xcel Energy
Xcel Energy is a publicly listed company on the NASDAQ with ticker symbol XEL in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
161 people
Leadership Team
61 people
Operations Team
52 people
Senior Team
29 people
Finance and Accounting
27 people
Principal Team
18 people
Legal and Compliance
18 people
Manager Team
15 people
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Funding Insights of Xcel Energy
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $100.0M
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First Round
First Round
(05 Nov 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Grant - Xcel Energy | Valuation |
investors |
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| Nov, 2018 | Amount | Post-IPO - Xcel Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Xcel Energy
Xcel Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DOE and Levin Capital Strategies. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Manages equity strategies and hedge funds for high net worth clients globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xcel Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Xcel Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xcel Energy Comparisons
Competitors of Xcel Energy
Xcel Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octopus Energy, NextEra Energy, Duke Energy, ScottishPower and EDP Renewables, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Utility bill management platform is provided for tracking and billing.
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| domain | founded_year | HQ Location |
Developer of energy solutions
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| domain | founded_year | HQ Location |
Renewable electricity is produced and distributed across multiple states.
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| domain | founded_year | HQ Location |
Wind energy is generated, transmitted, and distributed by ScottishPower.
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| domain | founded_year | HQ Location |
Generation of wind power
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| domain | founded_year | HQ Location |
Energy company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xcel Energy
Frequently Asked Questions about Xcel Energy
When was Xcel Energy founded?
Xcel Energy was founded in 1904 and raised its 1st funding round 114 years after it was founded.
Where is Xcel Energy located?
Xcel Energy is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Xcel Energy?
Ben Fowke is the current CEO of Xcel Energy.
How many employees does Xcel Energy have?
As of Dec 31, 2024, the latest employee count at Xcel Energy is 11,380.
What is the annual revenue of Xcel Energy?
Annual revenue of Xcel Energy is $13.47B as on Dec 31, 2024.
What does Xcel Energy do?
Xcel Energy was founded in 1904 and operates within the energy sector, where electricity and natural gas are generated, purchased, transmitted, distributed, and sold to residential and commercial customers. Services cover eight Western and Midwestern states in the United States, with annual revenues of 15.31 billion and net profit of 1.73 billion recorded in 2022. Operations focus on reliable utility provision in Minneapolis-based headquarters.
Who are the top competitors of Xcel Energy?
Xcel Energy's top competitors include Octopus Energy, NextEra Energy and Neoen.
Is Xcel Energy publicly traded?
Yes, Xcel Energy is publicly traded on NASDAQ under the ticker symbol XEL.
Who are Xcel Energy's investors?
Xcel Energy has 2 investors. Key investors include DOE, and Levin Capital Strategies.
What is Xcel Energy's ticker symbol?
The ticker symbol of Xcel Energy is XEL on NASDAQ.
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