WEC Energy Group (WEC) has been a prominent subject in the investment and energy sector for quite a while now. A myriad of views exist regarding the company’s performance, future growth and sustainability. Analysts have an
average rating of “Hold” for WEC, yet some brokerages suggest adding the stock to portfolios amid good performance.
Barclays has upgraded their rating and raised their target for the stock. However, there have been periods where the stock has underperformed compared to competitors.
New initiatives in the pipeline include commitments to hydropower rehabilitation, utility-scale renewable generation, and tax enhancement processes for better compliance. Moreover, the past year would have delivered a gain of 18% for those invested in WEC. A larger dividend compared to the previous year has been announced. Not forgoing its commitment to being more eco-friendly, the company has plans to invest another
$2.1 billion in renewables by 2029 and is moving distinctly on its ESG goals. They also received a $2.5 billion US loan for renewable projects. Despite some decrease in stock holdings by prominent groups, long-term gains seem to remain positive. However, some investors express caution due to the recent $1.1b market cap drop.
Wec Energy Group WEC News Analytics from Wed, 05 Jun 2024 07:00:00 GMT to Fri, 03 Jan 2025 22:04:00 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -5
