WEC Energy (WEC) Gains From Focus on Clean Energy, Investments [Yahoo! Finance]
WEC Energy Group, Inc. (WEC)
Last wec energy group, inc. earnings: 1/30 07:00 am
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US:NYSE Investor Relations:
wecenergygroup.com/invest/investor.htm
Company Research
Source: Yahoo! Finance
The company continues to expand operations through strategic acquisitions. However, this Zacks Rank #4 (Sell) company faces risks related to increasing competition in the energy space. Tailwinds WEC Energy is gaining on the back of improving demand from large and small commercial and industrial (C&I) customers, as well as from the residential space. On average, more than 60% of the company's electricity is sold to the C&I group. Hence, the improving demand from this group will boost WEC Energy's performance. Based on improving conditions in the company's service area, it continues to witness an uptick in customer volumes. WEC expects weather-normalized electric and gas sales for the Wisconsin segment to grow 0.7-1% year over year during 2026-2028. Courtesy of the contribution from organic and inorganic assets, WEC Energy expects compound earnings growth of 6.5-7% through 2028. During 2024-2028, WEC plans to invest $23.7 billion, up $300 million from the previous projection.
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WEC
News
- WEC Energy Group to announce 2024 first-quarter results May 1 [Yahoo! Finance]Yahoo! Finance
- WEC Energy Group to announce 2024 first-quarter results May 1PR Newswire
- Raccoon Knocks Out Electricity for Thousands in Wisconsin [Yahoo! Finance]Yahoo! Finance
- WEC Energy Group, Inc. (NYSE: WEC) had its price target lowered by analysts at Scotiabank from $96.00 to $90.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Wärtsilä Awarded Prestigious Recognition by Environment+Energy Leader on Earth Day [Yahoo! Finance]Yahoo! Finance
WEC
Earnings
- 2/1/24 - Miss
WEC
Sec Filings
- 4/26/24 - Form 3
- 4/15/24 - Form 8-K
- 4/9/24 - Form 4
- WEC's page on the SEC website