Xcel Energy Inc. will voluntarily transfer its stock exchange listing to the Nasdaq Global Select Market from the NYSE after the market close on Dec. 29.
The company's shares are expected to begin trading as a Nasdaq-listed security on Jan. 2, 2018. Xcel Energy will retain its ticker symbol XEL, according to a Dec. 19 release.
"This move is a natural transition for Xcel Energy as the company embraces technology and innovation," said Ben Fowke, chairman, president and CEO of Xcel Energy. "We are excited to partner with Nasdaq to leverage cutting-edge technology, trading liquidity, enhanced visibility opportunities and cost efficiencies."
