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Electric stocks

Ready to invest in the electricity industry from India? Consider these 13 stocks.

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The best electric stocks depend on your portfolio and investment goals – while volatility can be ideal for day traders, long-term investors in India and around the world will want to look to stocks with steadier gains over time.

12 electric stocks to watch

We round up a selection of stocks in or related to the electricity industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

  1. Entergy Corporation (ETR)
  2. Exelon Corporation (EXC)
  3. FirstEnergy (FE)
  4. Edison International (EIX)
  5. Evergy (EVRG)
  6. Eversource Energy (ES)
  7. Alliant Energy Corporation (LNT)
  8. Duke Energy Corporation (DUK)
  9. Xcel Energy (XEL)
  10. NextEra Energy (NEE)
  11. Black Hills Corporation (BKH)
  12. DTE Energy Company (DTE)

3 tools to help identify new investments

We’ve compiled a list of electric stocks to keep an eye on, but the stock market is volatile and trends can change daily.

If you’re actively trading stocks, staying on top of new industry trends and rising stocks can take a lot of time. Here are some of my favourite tools to keep up with trends and get new trading ideas.

  • Stock screeners. You can use an online stock screener like Finviz or TradingView to see what stocks are making the biggest moves today and narrow your search by industry and market cap. Screeners are most beneficial for technical traders who have set criteria in mind for their trades. For example, if you’re looking for stocks trending today in the electricity industry, you can pull a list of all mid-cap and large-cap stocks for that industry and sort by percent change since opening.
  • Newsletters. Some of my favourites include the Motley Fool Stock Advisor and the Alpha Boost and Cherry Picks newsletters published by Tastyworks. Newsletters can be a great way to find companies that may be worth investing in for the long haul.
  • Social media. While I’d never make a trade based on a Reddit thread alone, social platforms like Reddit, Twitter and Tiktok can be useful tools for staying on top of what companies people are talking about. The trendiness of a stock can directly influence its price – but those trends can also be volatile. While social media can occasionally help buy-and-hold investors, it tends to be a more practical tool for active traders.

Take a deeper dive into electric stocks

If you’re interested in investing in the electricity industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn’t guarantee that a stock will continue to rise in the future.


1. Entergy Corporation (ETR)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes and sells electric power in portions of Arkansas, Louisiana, Mississippi and Texas, including the City of New Orleans; and distributes natural gas.

Entergy Corporation is listed on the NYSE, has a trailing 12-month revenue of around US$11.7 billion and employs 12,369 staff.

  • Market capitalisation: US$23,683,158,016
  • P/E ratio: 21.0054
  • PEG ratio: 2.9372

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2. Exelon Corporation (EXC)

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy and other energy-related products and services.

Exelon Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around US$36.3 billion and employs 31,518 staff.

  • Market capitalisation: US$46,056,640,512
  • P/E ratio: 27.0057
  • PEG ratio: 1.9832

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3. FirstEnergy (FE)

FirstEnergy Corp., through its subsidiaries, generates, transmits and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments.

FirstEnergy is listed on the NYSE, has a trailing 12-month revenue of around US$10.9 billion and employs 12,395 staff.

  • Market capitalisation: US$25,599,280,000
  • P/E ratio: 28.8444
  • PEG ratio: 4.6248

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4. Edison International (EIX)

Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural and other customers across Southern, Central and Coastal California. The company also provides energy solutions to commercial and industrial users.

Edison International is listed on the NYSE, has a trailing 12-month revenue of around US$14.9 billion and employs 13,003 staff.

  • Market capitalisation: US$26,188,140,000
  • P/E ratio: 14.7327
  • PEG ratio: 2.9812

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5. Evergy (EVRG)

Evergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium and natural gas and oil sources, as well as solar, wind, other renewable sources.

Evergy is listed on the NYSE, has a trailing 12-month revenue of around US$5.6 billion and employs 4,930 staff.

  • Market capitalisation: US$15,522,941,952
  • P/E ratio: 17.6736
  • PEG ratio: 2.9145

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6. Eversource Energy (ES)

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.

Eversource Energy is listed on the NYSE, has a trailing 12-month revenue of around US$9.9 billion and employs 9,227 staff.

  • Market capitalisation: US$30,261,803,008
  • P/E ratio: 24.7966
  • PEG ratio: 2.6158

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7. Alliant Energy Corporation (LNT)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

Alliant Energy Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around US$3.7 billion and employs 3,313 staff.

  • Market capitalisation: US$15,579,794,432
  • P/E ratio: 23.6502
  • PEG ratio: 3.7978

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8. Duke Energy Corporation (DUK)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes and sells electricity in the Carolinas, Florida and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation and nuclear fuel to generate electricity.

Duke Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around US$24.7 billion and employs 27,605 staff.

  • Market capitalisation: US$86,860,005,376
  • P/E ratio: 22.8427
  • PEG ratio: 3.3967

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9. Xcel Energy (XEL)

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility and All Other segments.

Xcel Energy is listed on the NASDAQ, has a trailing 12-month revenue of around US$13.4 billion and employs 11,321 staff.

  • Market capitalisation: US$39,090,892,800
  • P/E ratio: 24.2669
  • PEG ratio: 3.1334

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10. NextEra Energy (NEE)

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal and natural gas facilities.

NextEra Energy is listed on the NYSE, has a trailing 12-month revenue of around US$17.1 billion and employs 15,000 staff.

  • Market capitalisation: US$165,714,600,000
  • P/E ratio: 47.5148
  • PEG ratio: 3.3876

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11. Black Hills Corporation (BKH)

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota and Wyoming; and owns and operates 1,481.

Black Hills Corporation is listed on the NYSE, has a trailing 12-month revenue of around US$1.9 billion and employs 2,884 staff.

  • Market capitalisation: US$4,910,329,856
  • P/E ratio: 20.2513
  • PEG ratio: 3.266

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12. DTE Energy Company (DTE)

DTE Energy Company engages in the utility operations. The company’s Electric segment generates, purchases, distributes and sells electricity to approximately 2. 3 million residential, commercial and industrial customers in southeastern Michigan.

DTE Energy Company is listed on the NYSE, has a trailing 12-month revenue of around US$15 billion and employs 10,300 staff.

  • Market capitalisation: US$26,143,545,344
  • P/E ratio: 28.8827
  • PEG ratio: 3.5042

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How to buy electric stocks

Sign up with an online broker or platform to invest in one or more of these electric stocks.

  1. Compare share trading platforms. Use our comparison table to find the best for your investment in electric stocks.
  2. Open and fund your brokerage account. You’ll need personal and financial details, like your contact and bank information.
  3. Search for the stock you’re interested in. Find the stock by name or ticker symbol, like ETR or EXC.
  4. Decide on how many to buy. Some brokers will allow you to purchase fractional shares, while others require you to purchase whole shares.
  5. Choose an order type. Invest in the electric stocks now with a market order or use a limit order to delay your purchase until the stock reaches your desired price.
  6. Buy the stock. Tap or click the Buy button on your brokerage account. Once you’ve invested in the electricity industry, track how your stock performs to decide when it’s time to sell.

Compare trading platforms

Compare trading platforms to find the best for your investment in electric stocks. You can use the table below to compare online brokers available in India. For stocks listed on the NYSE or NASDAQ you’ll need to find a platform with access to US stock markets.

Name Product Number of stocks CFDs Shares Available Markets Link
Libertex
Libertex
50+
Yes
Yes
US
Go to site
CFD service. Your capital is at risk.
CFD Service. Your capital is at risk.
Pay $0 fee on every trade in the stock market by opening a Libertex investment account. Start investing with just $50 and earn dividends from your stocks on the Libertex Portfolio platform.
ICICI Direct
All NSE/BSE listed stocks
No
Yes
US, UK, HK, SG, JP, DE, IN
Go to site
More info
Kickstart your investment journey with one of the largest retail stock brokers in India. Open a single 3-in-1 integrated account and trade a wide range of asset classes with ease.
Saxo Bank
19,000+
Yes
Yes
US, CA, ES, NL, IE, UK, IT, DK, FI, SE, BG, PT, FR, CZ, CH, AT, PL, ZA, AU, HK, MY, HK-CH, SG, JP, MX, DE, NO, RU
Go to site
CFD service. Your capital is at risk.
More info
CFD Service. Your capital is at risk.
Trade 40,000+ financial instruments at market-leading prices with this powerful yet intuitive trading platform.
Zacks Trade
Access to global markets
No
Yes
US, CA, ES, NL, UK, IT, SE, BG, FR, CH, AT, AU, HK, SG, JP
Go to site
More info
Trade stocks, bonds, ETFs, options, and more on 90+ international exchanges. Offers customisable trading platforms with over 120 technical indicators for your charting needs.
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Compare up to 4 providers

Bottom line

While it’s possible to turn a profit investing in electric stocks, keep in mind that – like any investment – electric stocks are not immune to risk. These stocks are subject to fluctuating conditions – both in the market and in the electricity industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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