WEC Energy(WEC)
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We Energies announces updated timeline for Oak Creek plant retirements
Prnewswire· 2025-06-25 12:00
Core Viewpoint - We Energies has decided to extend the operating lives of units 7 and 8 at the Oak Creek Power Plant until the end of 2026 to address increased energy demand and supply requirements in the Midwest power market [1][2][3] Company Operations - The Oak Creek units 7 and 8, built in the 1960s, have a total capacity of 610 megawatts (MW) and are equipped with modern environmental controls [3] - We Energies is planning, permitting, or constructing over 6,300 MW of new generation capacity, including natural gas, wind, solar, and battery storage, over the next five years [4] - The extension of the Oak Creek units is not expected to delay the new generation projects [4] Customer Base - We Energies serves more than 1.1 million electric customers and 1.1 million natural gas customers in Wisconsin [5]
Alliant Vs. WEC Energy: Midwest Utilities Navigating New Demand And Old Risks
Seeking Alpha· 2025-06-20 09:04
Core Insights - The utilities sector began 2025 strong, ranking high among sectors as a safe haven during market volatility and decreasing expectations for rate cuts [1] - Recently, the sector has underperformed as market sentiment has shifted back towards risk-on assets [1] - Concerns regarding tariffs and broader questions about returns are impacting the sector's performance [1]
WEC Energy Rides on Strategic Investments & Focus on Clean Energy
ZACKS· 2025-06-12 13:20
Core Insights - WEC Energy Group's strategic investments enhance infrastructure and cater to rising customer demand, with a strong emphasis on clean energy driving performance [1] - The company faces competitive risks in the electric and natural gas markets, impacting its ability to retain customers [5] Factors Acting in Favor of WEC - WEC Energy is experiencing increased demand from both commercial and industrial (C&I) customers, which constitutes over 60% of its electricity sales, positively influencing performance [2] - The company anticipates a 4.5-5% increase in weather-normalized electric sales and a 0.7-1% growth in gas sales in Wisconsin from 2027 to 2029 [3] Investment Plans - WEC Energy plans to invest $28 billion from 2025 to 2029, with $9.1 billion allocated to regulated renewable projects, aiming to enhance its renewable portfolio [4][7] - The company intends to develop nearly 4.4 gigawatts (GW) of renewable energy, including 2.9 GW of solar, 565 megawatts (MW) of battery storage, and 900 MW of wind generation [4] Challenges Faced by WEC - Increased competition from retail choice and alternative electric suppliers poses a challenge to WEC Energy's customer retention [5] - The company's operations are subject to extensive governmental regulations, which may impact cost recovery from utility customers [5] Stock Performance - Over the past six months, WEC Energy's stock has increased by 10.1%, outperforming the industry average growth of 5.4% [6]
Here's Why WEC Energy Group (WEC) is a Strong Growth Stock
ZACKS· 2025-06-10 14:50
Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service also includes Zacks Style Scores, which are designed to help investors identify stocks with the best potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F, where A indicates the highest potential for outperformance [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E, PEG, and Price/Sales [3] - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4] - The Momentum Score evaluates stocks based on price trends and earnings estimate changes, helping investors identify optimal buying opportunities [5] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking attractive value, growth, and momentum [6] Group 3: Zacks Rank and Performance - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the highest probability of success [10] Group 4: Stock Example - WEC Energy Group - WEC Energy Group is a diversified holding company involved in electricity generation and distribution in Wisconsin and Michigan [12] - Currently rated 3 (Hold) with a VGM Score of B, WEC is considered a potential growth investment with an expected year-over-year earnings growth of 8.5% for the current fiscal year [12][13] - Recent upward revisions in earnings estimates and a solid average earnings surprise of 6.2% further support WEC's position as a noteworthy investment option [13]
据英国金融时报:西屋电气公司正与美国官员及行业合作伙伴就部署十座大型核反应堆进行磋商,以实现特朗普政府的相关目标。
news flash· 2025-06-08 11:20
据英国金融时报:西屋电气公司正与美国官员及行业合作伙伴就部署十座大型核反应堆进行磋商,以实 现特朗普政府的相关目标。 ...
WEC Energy Group announces upsize and pricing of $775 million of 3.375% Convertible Senior Notes due 2028
Prnewswire· 2025-06-06 02:18
Core Viewpoint - WEC Energy Group, Inc. has announced the pricing of $775 million in convertible senior notes, which is an increase from the previously announced $700 million offering, indicating strong demand for the securities [1][6]. Group 1: Offering Details - The offering consists of 3.375% convertible senior notes due June 1, 2028, with interest paid semiannually [2]. - The offering is expected to close on June 10, 2025, subject to customary closing conditions [1]. - Initial purchasers have the option to buy an additional $125 million in convertible notes within a 13-day period after the initial issuance [1]. Group 2: Conversion Features - Holders can convert their notes only upon certain events until March 1, 2028, after which conversion can occur at any time until two trading days before maturity [3]. - The initial conversion rate is set at 7.7901 shares per $1,000 principal amount, equating to an initial conversion price of approximately $128.37 per share, representing a 22.5% premium over the last reported stock price [4]. Group 3: Repurchase and Redemption - In the event of a fundamental change, holders may require WEC Energy Group to repurchase their notes at 100% of the principal amount plus accrued interest [5]. - The company cannot redeem the convertible notes prior to maturity [6]. Group 4: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including the repayment of short-term debt [6]. Group 5: Company Overview - WEC Energy Group serves approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota [8]. - The company operates several principal utilities and has a subsidiary focused on renewable energy generation [9].
WEC Energy Group announces offering of Convertible Senior Notes due 2028
Prnewswire· 2025-06-05 10:46
Group 1 - WEC Energy Group, Inc. plans to offer $700 million in convertible senior notes due 2028 in a private offering to qualified institutional buyers [1][2] - The company may grant initial purchasers an option to buy an additional $105 million in convertible notes within 13 days of the initial issuance [1] - The final terms of the convertible notes, including conversion price and interest rate, will be determined at the time of pricing [2] Group 2 - The convertible notes will be senior, unsecured obligations, with interest paid semiannually and maturity on June 1, 2028 [2] - Holders can convert their notes under specific conditions before March 1, 2028, and at any time thereafter until two trading days before maturity [3] - Upon conversion, WEC Energy Group will pay cash for the principal amount and may pay or deliver cash, shares, or a combination for any excess [3] Group 3 - The net proceeds from the offering will be used for general corporate purposes, including repayment of short-term debt [4] - WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota [6] - The company's principal utilities include We Energies, Wisconsin Public Service, and others, with a subsidiary focused on renewable generation facilities [7]
WEC Energy (WEC) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-05-15 14:56
Core Viewpoint - WEC Energy Group (WEC) has shown a downtrend recently, losing 6.7% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be subsiding [2][5]. - This pattern forms when there is a small candle body with a long lower wick, indicating that despite a new low, buying interest has emerged to push the stock price up towards the opening price [4][5]. - Hammer candles can appear on various timeframes and are utilized by both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for WEC, which is a bullish indicator as it typically leads to price appreciation [7]. - The consensus EPS estimate for the current year has remained unchanged over the last 30 days, indicating strong agreement among analysts regarding WEC's potential for better earnings [8]. - WEC currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9].
Why WEC Energy Group (WEC) is a Top Growth Stock for the Long-Term
ZACKS· 2025-05-12 14:50
Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market within a 30-day timeframe, using a grading system from A to F based on value, growth, and momentum characteristics [2] Zacks Style Scores Breakdown - **Value Score**: Focuses on identifying undervalued stocks by analyzing ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow to highlight attractive investment opportunities [3] - **Growth Score**: Evaluates a company's financial health and future outlook by examining projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [4] - **Momentum Score**: Targets stocks with upward or downward price trends, utilizing metrics like one-week price changes and monthly earnings estimate changes to identify optimal buying opportunities [5] - **VGM Score**: Combines Value, Growth, and Momentum Scores to provide a comprehensive indicator for investors seeking to balance multiple investment strategies [6] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to assist investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] - To maximize returns, investors are encouraged to select stocks with a Zacks Rank of 1 or 2 that also possess Style Scores of A or B, ensuring a higher probability of success [9] - Stocks rated 4 (Sell) or 5 (Strong Sell) should be avoided, even if they have high Style Scores, due to their declining earnings forecasts [10] Company Spotlight: WEC Energy Group - WEC Energy Group is a diversified holding company involved in electricity generation and distribution across Wisconsin and Michigan, currently holding a Zacks Rank of 2 (Buy) with a VGM Score of B [11] - The company is particularly appealing to growth investors, with a Growth Style Score of B and a projected year-over-year earnings growth of 8.5% for the current fiscal year, alongside a recent upward revision in earnings estimates [12]
Klappa, Lauber highlight exceptional year for WEC Energy Group
Prnewswire· 2025-05-08 20:05
Core Viewpoint - WEC Energy Group reported a strong year in customer satisfaction, financial performance, and execution of its capital plan, emphasizing its commitment to providing affordable, reliable, and clean energy to millions of customers across the Midwest [1]. Company Highlights - The company serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota [4]. - WEC Energy Group has approximately 33,000 stockholders, 7,000 employees, and over $48 billion in assets [6]. - The company operates principal utilities including We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources [5]. Financial Performance - A record $1.06 billion was returned to stockholders through dividends [7]. - The dividend level was increased by 6.9% to an annual rate of $3.57 per share, marking the 22nd consecutive year of higher dividends [7]. - The company was selected for inclusion in the High Yield Dividend Aristocrats Index by Standard and Poor's [7]. Capital Plan and Projects - The largest five-year capital plan in company history was developed, focusing on energy reliability and economic growth [7]. - Two large-scale solar projects, the Paris Solar Energy Center and Darien Solar Energy Center, were added, contributing renewable energy to the Wisconsin power grid [7]. - The company retired coal-fueled capacity at the Oak Creek Power Plant, which had been in service since the 1950s [7]. Customer Satisfaction - WEC Energy Group ranked number one in the nation for customer satisfaction in an independent survey of large commercial and industrial energy users [7]. - Wisconsin Public Service was recognized as one of the top-performing midsize utilities in PA Consulting's 2024 ReliabilityOne® Awards [7]. Stockholder Actions - Stockholders elected directors to terms expiring at the 2026 annual meeting [3]. - Proposed amendments to eliminate supermajority voting requirements and an advisory proposal for a simple majority vote did not receive the required stockholder approval [3][4].