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13 top electric stocks to buy in 2024

Ready to invest in the electricity industry? Learn how to invest in electric stocks in just a few steps.

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

The top electricity stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

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

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How to invest in electric stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like ETR or EXC.
  5. Place your order. Buy the stock. It's that simple.

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 retail distribution of electricity in the United States. It 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. It also engages in the ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides decommissioning services to other nuclear power plant owners.

Entergy Corporation stock opened the day at $112.57 after a previous close of $111.86. The latest price was $111.26 (25-minute delay). Entergy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD12 billion and employs 12,000 staff.

  • Market capitalization: $23,591,567,360
  • P/E ratio: 11.0701
  • PEG ratio: 1.6769

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2. Exelon Corporation (EXC)

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers. It also offers support services, including legal, human resources, information technology, supply management, financial, engineering, customer operations, transmission and distribution planning, asset management, system operations, and power procurement services.

Exelon Corporation stock opened the day at $36.75 after a previous close of $36.47. The latest price was $36.50 (25-minute delay). Exelon Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$22.2 billion and employs 19,962 staff.

  • Market capitalization: $36,131,086,336
  • P/E ratio: 15.5064
  • PEG ratio: 2.6354

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3. FirstEnergy Corporation (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 Corporation stock opened the day at $40.62 after a previous close of $40.42. The latest price was $40.30 (25-minute delay). FirstEnergy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$12.7 billion and employs 12,042 staff.

  • Market capitalization: $22,784,679,936
  • P/E ratio: 20.9471
  • PEG ratio: 1.2482

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4. Edison International (EIX)

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 distribution substations.

Edison International stock opened the day at $76.42 after a previous close of $76.04. The latest price was $76.68 (25-minute delay). Edison International is listed on the NYSE, has a trailing 12-month revenue of around USD$16.4 billion and employs 13,003 staff.

  • Market capitalization: $28,833,390,592
  • P/E ratio: 33.0132
  • PEG ratio: 1.9958

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5. Evergy IncCommon Stock (EVRG)

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

Evergy IncCommon Stock stock opened the day at $56.53 after a previous close of $56.22. The latest price was $56.07 (25-minute delay). Evergy IncCommon Stock is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.5 billion and employs 4,658 staff.

  • Market capitalization: $12,731,167,744
  • P/E ratio: 17.9773
  • PEG ratio: 2.6326

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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 stock opened the day at $63.42 after a previous close of $63.03. The latest price was $63.59 (25-minute delay). Eversource Energy is listed on the NYSE, has a trailing 12-month revenue of around USD$11.4 billion and employs 10,000 staff.

  • Market capitalization: $21,727,088,640
  • PEG ratio: 2.0061

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7. Alliant Energy (LNT)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in 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 stock opened the day at $56.05 after a previous close of $55.66. The latest price was $55.51 (25-minute delay). Alliant Energy is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4 billion and employs 3,281 staff.

  • Market capitalization: $14,059,825,152
  • P/E ratio: 19.9418
  • PEG ratio: 2.4779

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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 two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

Duke Energy Corporation stock opened the day at $109.00 after a previous close of $108.60. The latest price was $107.62 (25-minute delay). Duke Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$29 billion and employs 27,037 staff.

  • Market capitalization: $82,509,832,192
  • P/E ratio: 19.1252
  • PEG ratio: 2.41

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9. Xcel Energy (XEL)

Xcel Energy Inc. , through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments.

Xcel Energy stock opened the day at $57.12 after a previous close of $56.36. The latest price was $56.66 (25-minute delay). Xcel Energy is listed on the NASDAQ, has a trailing 12-month revenue of around USD$13.8 billion and employs 11,311 staff.

  • Market capitalization: $31,082,442,752
  • P/E ratio: 16.7988
  • PEG ratio: 2.3463

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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,natural gas, and other clean energy.

Nextera Energy stock opened the day at $75.19 after a previous close of $75.41. The latest price was $73.79 (25-minute delay). Nextera Energy is listed on the NYSE, has a trailing 12-month revenue of around USD$27.1 billion and employs 16,800 staff.

  • Market capitalization: $147,926,155,264
  • P/E ratio: 19.6721
  • PEG ratio: 2.6131

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11. Entergy Corporation (ETR)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It 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. It also engages in the ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides decommissioning services to other nuclear power plant owners.

Entergy Corporation stock opened the day at $112.57 after a previous close of $111.86. The latest price was $111.26 (25-minute delay). Entergy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$12 billion and employs 12,000 staff.

  • Market capitalization: $23,591,567,360
  • P/E ratio: 11.0701
  • PEG ratio: 1.6769

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12. Black Hills Corporation (BKH)

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.

Black Hills Corporation stock opened the day at $58.87 after a previous close of $58.41. The latest price was $58.28 (25-minute delay). Black Hills Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$2.1 billion and employs 2,874 staff.

  • Market capitalization: $3,976,072,448
  • P/E ratio: 14.242
  • PEG ratio: 2.6064

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13. DTE Energy Company (DTE)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.

DTE Energy Company stock opened the day at $118.50 after a previous close of $117.91. The latest price was $118.21 (25-minute delay). DTE Energy Company is listed on the NYSE, has a trailing 12-month revenue of around USD$12.2 billion and employs 9,608 staff.

  • Market capitalization: $24,145,408,000
  • P/E ratio: 19.0966
  • PEG ratio: 1.8003

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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.

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