WEC Energy Group has been quite active, experiencing an exceptional year led by Klappa and Lauber. Their rally has led to an
IBD stock rating upgrade and a
strong Q1 2025 performance, which exceeded estimates with a reported revenue of
US$3,150 million and EPS growth. Their earnings have led to a price target bump to
$115 from $110 at Scotiabank.
Decarbonization efforts and AI underpin growth at the group, with hyped continuity in their
dividend payments for the 331st consecutive quarter. The Group is transitioning into renewable energy as it's offered a
$2.5 billion US loan for renewable projects. Concerns arise around the Group's proposal for new gas and corporate greed. The Group's share is noted for its strong fundamentals and decent
38% return over the last year. Even though some insiders have sold stocks, those who invested in WEC Energy Group (NYSE:WEC) a year ago have gained
17%. The group's future plans include a $2.1 billion investment in renewables by 2029, hinting at more data centers.
Wec Energy Group WEC News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 10 May 2025 14:40:06 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -6
