WEC Energy Group (NYSE:WEC) has seen significant progress over the past year, with investors realizing a
17% gain. The group has focused on crucial
technical measures, with strong predictions for
FY2024 earnings. The group recently announced plans to incorporate another
$2.1 billion in renewables by 2029, with hints at more data centers. However, the firm faced backlash over its new gas and corporate greed plan. WEC Energy also increased its
dividend and expanded its plans. Notably,
Ladenburg raised the group's stock target while maintaining a neutral stance. Amid this, the
stock outperformed its competitors on a strong trading day, despite losses. The group recently reported earnings surpassing estimates and projected
2025 earnings growth. Yet, the
return on equity at 10% indicates a need for more excitement. Finally, the company's initiatives, such as focusing on natural gas and solar to meet data center growth and their investments in clean energy, point towards a holistic growth strategy.
Wec Energy Group WEC News Analytics from Wed, 05 Jun 2024 07:00:00 GMT to Sat, 11 Jan 2025 13:05:14 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor 2
