WEC Energy Group is concentrating on natural gas and solar energy to meet data center expansion. DekaBank Deutsche Girozentrale and Acadian Asset Management have trimmed their positions, while B. Riley Wealth Advisors added Shares of WEC Energy. Second-quarter results have been mixed, with expenses increasing affecting profit despite strong trading days and earnings beat. WEC's stock has set a new 52-week high following the analyst upgrade and revised price targets. However, despite this bullish move, the company faces a considerable debt burden. The group's Q2 earnings topped estimates, although revenues fell short. Wells Fargo and BMO Capital Markets have increased their price targets for WEC Energy.
Negative aspects include WEC Energy's stock underperforming the market in certain aspects - including investors witnessing a 1.6% loss from investing three years ago, a decrease in value of shares held by Price T Rowe Associates and a downgrade by StockNews.com from 'Hold' to 'Sell'. The company recently announced an offering of convertible senior notes due 2027 and 2029 with a forecasted attempt to post FY2024 earnings of $4.86 per share. The consensus suggests a continued focus on clean energy investments and innovative approaches to growth.
Wec Energy Group WEC News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 20:29:22 GMT - Rating 5 - Innovation 2 - Information 4 - Rumor -3
