WEC Energy Group benefits from strong price momentum and a consistent earnings beat record, but current pricing has consumed available upside and the reward-to-risk profile is unfavorable at today's levels.
Thesis pillars
- Earnings Beat Consistency→Stable
- Price Momentum Golden Cross→Stable
- Asymmetry Gate Failure→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 20, 2026
WEC Energy Group, Inc. (WEC) Stock Analysis
Utilities · Utilities - Regulated Electric
Wait for pullback to $110.09. Price sits above the model's entry target of $110.09; the risk/reward becomes favorable on a pullback. Key risks: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6).
WEC Energy Group provides regulated electric and natural gas utility service in Wisconsin and Michigan through We Energies, WPS, and Wisconsin Gas, and natural gas service in Illinois through Peoples Gas and North Shore Gas, with Wisconsin retail rates established by the PSCW.... Read more
Wait for pullback to $110.09. Price sits above the model's entry target of $110.09; the risk/reward becomes favorable on a pullback. Key risks: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6). Chart setup: No clear chart pattern; technical signals are mixed. Earnings today. Wait until post-earnings. Score 5.3/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, news boost earnings 0.80, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: moderate.
About WEC Energy Group, Inc.
About WEC Energy Group, Inc.
WEC Energy Group served 1,696,600 electric customers and 1,545,000 natural gas customers at year-end 2025, with retail electric rates in Wisconsin established by the PSCW and retail rates in Michigan authorized by the MPSC. The company's 8,375 MWs of generation capacity drew 30.5% from coal, 24.1% from natural gas combined cycle, and 19.8% via a long-term power purchase agreement with the Point Beach nuclear plant in 2025. WEC also holds an approximately 60% equity interest in ATC, an electric transmission company spanning Illinois, Michigan, Minnesota, and Wisconsin.
WEC Energy Group's regulated utilities earn revenue under cost-of-service rates reviewed by the PSCW in Wisconsin and MPSC in Michigan, with fuel and purchased power costs recoverable through authorized mechanisms including a 2% deferral variance in Wisconsin. Coal — purchased from mines in Wyoming and Pennsylvania under long-term contracts, with 51% of projected 2026 requirements (8.9 million tons) under fixed-price contracts — accounted for 30.5% of the 2025 electric supply mix. Natural gas for generation is purchased on the spot market and hedged over a 60-month period at up to 75% of estimated use, as authorized by the PSCW. Illinois subsidiary Peoples Gas (PGL) is regulated by the Illinois Commerce Commission (ICC), which in its 2023 final rate order disallowed certain pipeline replacement program capital costs, causing impairment charges at PGL and North Shore Gas. Retail customers accounted for 92.3% of total electric operating revenues in 2025, with the balance from wholesale and resale sales into the MISO energy market.
Show full overview
WEC Energy Group's capital plan is directly subject to PSCW approval, including already-approved requests for 1,228 MWs of additional natural gas-fired generation and 955 MWs of solar plus 411 MWs of battery storage, plus pending requests for 1,660 MWs of additional natural gas generation and 1,333 MWs of solar. The company intends to use coal only as a backup fuel by end of 2030 and aims to eliminate coal as an energy source by end of 2032. In February 2025, the ICC issued operational directives for PGL's pipeline replacement program, indicating that failure to comply with cast and ductile iron pipe replacement by January 1, 2035 could subject PGL to civil penalties under Illinois statute.
See also: Utilities · Utilities - Regulated Electric
From WEC Energy Group, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-10-29Recent Developments — WEC Energy Group, Inc.
Latest news
- NEWS Is WEC Energy Group Inc (WEC) Overvalued After Q2 Earnings Beat? - GuruFocus — GuruFocus positive
- NEWS WEC Energy Group (WEC) Q2 Earnings Beat Estimates - Yahoo Finance — Yahoo Finance positive
- NEWS Why is WEC Energy stock slipping today? - Investing.com — Investing.com negative
- NEWS WEC ENERGY GROUP ($WEC) Releases Q2 2026 Earnings - Quiver Quantitative — Quiver Quantitative neutral
- NEWS WEC ENERGY GROUP ($WEC) Releases Q2 2026 Earnings - quiverquant.com — quiverquant.com positive
Generated 2026-10-29T11:48:40Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMregulatoryPSCW (Wisconsin)10-K Item 1: 'Our retail electric rates in Wisconsin are established by the PSCW'
- MEDIUMcounterpartyBluewater natural gas storage10-K Item 1: 'Bluewater owns natural gas storage facilities in Michigan and provides approximately one-third of the current storage needs for our Wisconsin natural gas utilities'
- LOWcounterpartyPoint Beach nuclear PPA10-K Item 1: '1,033 MWs per year related to a long-term PPA for electricity generated by Point Beach'
Material Events(8-K, last 90d)
- 2026-05-08Item 5.02LOWChairman Gale Klappa completed Board service on May 7, 2026, having reached retirement age per Corporate Governance Guidelines. Compensation Committee approved acceleration of vesting of approximately 1,616 unvested restricted shares in recognition of service. No successor Chairman named.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $110.09. Price sits above the model's entry target of $110.09; the risk/reward becomes favorable on a pullback. Key risks: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6). Chart setup: No clear chart pattern; technical signals are mixed. Earnings today. Wait until post-earnings. Analyst target $105.05 reached (−4.9%), stop $106.29 (−4.0%), A.R:R -0.5:1. Score 5.3/10, moderate confidence.
Analyst target $105.05 reached (−4.9% from $110.50); no take-profit level is published. Analyst target $105.05 reached (−4.9%), stop $106.29 (−4.0%), A.R:R -0.5:1. Stop-loss: $106.29.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6); Leverage penalty (D/E 1.6): -1.0.
WEC Energy Group, Inc. trades at a P/E of 21.5 (forward 18.4). TrendMatrix value score: 5.3/10. Verdict: Buy (Wait for Entry).
24 analysts cover WEC with a consensus score of 3.5/5. Average price target: $117.
What does WEC Energy Group, Inc. do?WEC Energy Group provides regulated electric and natural gas utility service in Wisconsin and Michigan through We...
WEC Energy Group provides regulated electric and natural gas utility service in Wisconsin and Michigan through We Energies, WPS, and Wisconsin Gas, and natural gas service in Illinois through Peoples Gas and North Shore Gas, with Wisconsin retail rates established by the PSCW. The company served 1,696,600 electric and 1,545,000 natural gas customers at year-end 2025 and owns 8,375 MWs of generation capacity with coal (30.5%) and natural gas as the primary fuels.