WEC Energy Group, Inc. showed subdued growth despite its share price performance and largely underperformed when compared to competitors. Its prominent project pipeline was instrumental in maintaining growth, and Beacon Pointe Advisors LLC significantly lifted their stock holdings. WEC Energy carried out various investor relations activities via numerous institutional meetings. Despite EPS beating analysts' expectations, the company’s Q1 2024 financials indicated revenue lagging. The company's FY2024 earnings forecasts were rolled out by Brokerages suggesting a price target of $86.29. In terms of green energy initiatives, the company announced a $459 million investment in a Texas solar project. Even as WEC Energy announced the offering of convertible senior notes due 2027 and 2029, its full-year 2023 earnings missed estimates, leading to market underperformance. The company plans to stop using coal as a fuel source to further its clean energy agenda. WEC Energy also managed to maintain its dividend streak, thus fortifying its status as a dividend aristocrat. However, the past year has seen investors not reaping profitable returns, with a loss of 7.0% to those who invested a year ago.
Wec Energy Group WEC News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Thu, 23 May 2024 20:02:12 GMT -
Rating -5
- Innovation 3
- Information 7
- Rumor -3
