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WEC Energy Group Inc

WEC Energy Group Inc

WEC
$113.35USD↓-1.00%-1.14 today

MARKET CAP

36.9B

P/E (TTM)

22.6x

FWD P/E

20.2x

DAY RANGE

$113 – $117

52W RANGE

$103
$120

AI Summary

Stalk
Sell NowMedium

WEC is in a Stage 3 distribution phase, marked by a mid-July bullish exhaustion and failure to reclaim the 9/21 EMAs. Price trades below its declining short EMAs with heavier down-volume, signaling medium-term weakness. Short-term action shows rejections at dynamic resistance, favoring immediate sell-side engagement on rallies into the 9/21 EMA zone. The long-term uptrend remains intact above the 200 DMA but does not override the current distribution environment.

  • ↑Q1 EPS rose 8% YoY to $2.45; 2026 guidance $5.51–$5.61.
  • ↑$37.5 B five-year capex plan funds 2.6 GW capacity expansion by 2030.
  • ↓$37.5 B capex plan poses execution delays and budget overrun risks.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

WEC Energy Group, Inc. (NYSE: WEC) is a leading utility holding company primarily operating in the energy sector, providing electric and natural gas services across Wisconsin, Illinois, Michigan, and Minnesota. Alongside serving residential clients, WEC is increasingly focused on large-scale commercial consumers, particularly in the rapidly expanding data center market. With a workflow directed towards substantial infrastructure investments and a commitment to renewable energy solutions, WEC Energy is poised to capitalize on the ongoing growth within the energy sector.

Bull says

  • ↑Q1 EPS rose 8% YoY to $2.45; 2026 guidance $5.51–$5.61.
  • ↑$37.5 B five-year capex plan funds 2.6 GW capacity expansion by 2030.
  • ↑6.7% dividend hike, 23-year growth streak, yield ~0.60%.
  • ↑Low stock volatility cushions price swings in turbulent markets.
  • ↑Data center expansions (Microsoft, Eli Lilly) drive demand growth.
  • ↑High earnings yield and disciplined leverage bolster returns.

Bear says

  • ↓$37.5 B capex plan poses execution delays and budget overrun risks.
  • ↓Weak revenue growth and profitability metrics may hinder earnings.
  • ↓Weather-driven earnings volatility (~$0.02 impact) adds uncertainty.
  • ↓Operating costs rising 3–5% YoY may compress margins.
  • ↓Heavy debt reliance raises interest burden amid higher rates.
  • ↓High short interest signals investor skepticism on outlook.

Investment themes with WEC

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026neutral

Transcript signals

Bull points

  • And we don't see any slippage. And we're in contact with the site. We have like a meeting every other week with them on the site. We don't see any slippage there.
  • So things are going well there. You think about in service, you know, some of the fixes and fine tuning that happened to the VLC tariff as it relates to transmission. We'll be more on a nominated basis, which will make sure that everyone pays their fair share and full cost as we build this cost and put that in. So it's not getting subsidized by anyone else. And it should not be a slippage also for any of our generation plans. So we feel good about the tariff and the protection. But more importantly, we feel really good about the execution of that site and getting it online.
  • Our first quarter 2026 earnings of $2.45 per share reflects an 18 cent increase compared to the first quarter of 2025.

Bear points

  • Weather negatively impacted quarter over quarter earnings by approximately two cents.
  • we expect to issue up to $1.1 billion of common equity this year.
  • You know, we haven't seen any other issues out that as it relates to like a referendum. We have seen a couple areas across the state just put like a one year moratorium on reviewing data centers, just because I think everyone wants to understand a little bit more of the facts in the data centers to get the facts out. But I have not seen any other type of referendum like that.
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