Wall Street's Disappointment in Con Ed: A Tale of Missed Expectations Consolidated Edison, New York's stalwart energy provider, has been a long time fixture on Wall Street. The company boasts a market cap of $39.
8 billion and serves 3. 7 million customers, making its performance closely watched by investors and analysts. Over the past year, Con Ed's stock has underperformed the broader market.
While the S&P 500 Index surged 21. 3%, Con Ed's shares grew only 1. 7%.