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.