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    WEC ENERGY GROUP (WEC)

    Q3 2023 Earnings Summary

    Reported on Oct 31, 2023 (Before Market Open)
    Pre-Earnings Price$81.60Last close (Oct 30, 2023)
    Post-Earnings Price$83.79Open (Oct 31, 2023)
    Price Change
    $2.19(+2.68%)
    • WEC Energy Group is projecting earnings per share growth of 6.5% to 7% annually over the next five years, driven by significant capital investments in renewable energy and infrastructure. ,
    • The company plans to invest $23.4 billion from 2024 to 2028—the largest capital plan in its history—including $3.3 billion of additional investments compared to the previous plan, focusing on renewable energy (3,800 megawatts of new capacity) and grid modernization. ,
    • WEC is advancing its environmental goals by aiming for an 80% reduction in CO₂ emissions by 2030 and accelerating its complete exit from coal to the end of 2032, three years earlier than previously planned.

    Research analysts covering WEC ENERGY GROUP.