What's Going On With WEC Energy Shares Monday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2024
0mins
Source: Benzinga
- WEC Energy Group Acquisition: WEC Energy Group, Inc. is acquiring a 90% ownership interest in the Delilah I Solar Energy Center for $459 million.
- Delilah I Solar Project: The Delilah I project is a 300-megawatt solar facility located near Dallas, Texas, with commercial operations expected to start by the end of June.
- Samson & Delilah Solar Portfolio: Delilah I is part of the five-phase Samson & Delilah solar portfolio, one of the largest solar facilities under construction in the U.S.
- Company's Investment: WEC Energy Group already owns a majority stake in Samson I, another phase of the Samson & Delilah project.
- Future Plans and Earnings: The company plans to release its first-quarter FY24 earnings on May 1 and continues to invest in clean energy projects like Delilah Solar.
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Analyst Views on WEC
Wall Street analysts forecast WEC stock price to rise
13 Analyst Rating
4 Buy
8 Hold
1 Sell
Hold
Current: 116.440
Low
105.00
Averages
120.15
High
136.00
Current: 116.440
Low
105.00
Averages
120.15
High
136.00
About WEC
WEC Energy Group, Inc. is a diversified holding company. The Company, through its wholly owned subsidiaries, provides or invests in regulated natural gas and electricity, and renewable energy, as well as non-regulated renewable energy. Its segments include Wisconsin, Illinois, Other states, Electric transmission, Non-utility energy infrastructure, and Corporate and other segment. The Wisconsin segment is engaged in the generation of electricity and the distribution of electricity and natural gas in Wisconsin and distributes natural gas to customers located in the Upper Peninsula of Michigan. The Illinois segment is engaged in the distribution of natural gas in Illinois. Other states segment engaged primarily in the distribution of natural gas in Minnesota and Michigan. The non-utility energy infrastructure segment consists of We Power, which owns electric power-generating facilities, and Bluewater, which owns underground natural gas storage facilities in Michigan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
WEC Energy Group Q1 2026 Earnings Call Highlights
- Q1 Performance: WEC Energy Group reported Q1 2026 earnings of $2.45 per share, reflecting an increase of $0.18 compared to Q1 2025, indicating solid profitability growth in a stable market, with full-year EPS guidance reaffirmed at $5.51 to $5.61.
- Data Center Demand: The company anticipates serving a forecasted demand of 2.6 gigawatts in the Microsoft Mount Pleasant/I-94 corridor by 2030, with Vantage Data Centers projected to reach 1.3 gigawatts in the next five years and a potential of 3.5 gigawatts, highlighting strong growth potential in a rapidly expanding market.
- Capital Plan: WEC's five-year capital plan includes projected investments of $37.5 billion, with approximately 15% of the asset base expected to come from large customers by 2030, providing robust support for future growth.
- Regulatory Approval: The Wisconsin Commission verbally approved the very large customer tariff structure, with an expected return on equity range of 10.48% to 10.98% and an equity ratio of 57%, laying a foundation for future growth while ensuring the interests of all customers and shareholders are protected.
See More
WEC Energy Group Reports Q1 2026 Earnings Growth
- Net Income Growth: WEC Energy Group reported a net income of $804.4 million for Q1 2026, translating to $2.45 per share, which represents an 8.9% and 7.9% increase from last year's $724.2 million and $2.27 per share, showcasing the company's success in executing its capital plan and enhancing operational efficiencies.
- Revenue Increase: The company's consolidated revenues reached $3.434 billion in the first quarter, up $284.7 million year-over-year, reflecting stable growth in retail electricity deliveries, particularly a 2.7% increase in consumption from large commercial and industrial customers, which will enhance the company's competitive position in the market.
- Electricity Delivery Performance: Excluding the iron ore mine in Michigan's Upper Peninsula, retail electricity deliveries increased by 1.1% year-over-year, while electricity consumption by small commercial and industrial customers rose by 0.7%, indicating effective strategies in meeting customer demands.
- Future Outlook: WEC Energy Group reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather conditions for the remainder of the year, which provides confidence to investors and supports the company's future investment and growth plans.
See More
WEC Energy Group Inc. Confirms Earnings Guidance of $5.51-$5.61 Per Share for 2026
Earnings Guidance: WEC Energy Group Inc. has reaffirmed its earnings guidance for 2026, projecting earnings per share between $5.51 and $5.61.
Financial Outlook: The reaffirmation indicates confidence in the company's financial performance and strategic direction moving forward.
See More
WEC Energypress Q1 Earnings Exceed Expectations
- Earnings Beat: WEC Energypress reported a Q1 GAAP EPS of $2.45, beating expectations by $0.12, reflecting strong profitability that boosts investor confidence.
- Revenue Growth: The company achieved revenue of $3.43 billion, an 8.9% year-over-year increase, surpassing market expectations by $10 million, indicating its competitive strength amid rising electricity demand.
- Guidance Reaffirmation: WEC reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, slightly above the consensus of $5.60, demonstrating confidence in future profitability.
- Market Focus: With the surge in global electricity demand driven by EVs and data centers, WEC's performance is likely to attract significant market attention, potentially impacting its stock price trajectory.
See More
WEC Energy Q1 Earnings Announcement Scheduled
- Earnings Release Date: WEC Energy is set to announce its Q1 earnings on May 5th before market open, with consensus EPS estimate at $2.30 and revenue expected at $3.42 billion, reflecting an 8.6% year-over-year growth, which will provide crucial performance insights for investors.
- Earnings Forecast Adjustments: Over the last three months, EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates have experienced three upward changes and one downward, indicating mixed market sentiment regarding the company's profitability, which could impact investor confidence.
- Capital Plan Overview: WEC Energy has outlined a $37.5 billion capital plan, projecting annual EPS growth of 7-8% through 2030, a strategy that will help the company maintain competitiveness amid surging demand for data centers.
- Industry Trend Impact: As the demand for electric vehicles and data centers drives a global surge in electricity needs, WEC Energy's business outlook is under scrutiny, and investors should closely monitor its earnings report to assess future growth potential.
See More
WEC Energy Group to Release Q1 2026 Earnings on May 5
- Earnings Release Schedule: WEC Energy Group is set to release its Q1 2026 earnings before the market opens on May 5, demonstrating the company's commitment to transparency and information disclosure, which is expected to influence investor confidence.
- Investor Conference Call: A conference call for investors and analysts is scheduled for the same day at 1 p.m. Central time, providing in-depth financial analysis and future outlook, aimed at enhancing communication and engagement with shareholders.
- Customer Base: Serving 4.8 million customers across Wisconsin, Illinois, Michigan, and Minnesota, WEC Energy Group showcases its significant influence and market share in the U.S. energy sector.
- Company Scale and Assets: As a Fortune 500 company, WEC Energy Group boasts over $51 billion in assets and approximately 32,000 stockholders, reflecting its robust position and investment appeal within the industry.
See More
WEC Energy Group Q1 2026 Earnings Call Highlights
- Q1 Performance: WEC Energy Group reported Q1 2026 earnings of $2.45 per share, reflecting an increase of $0.18 compared to Q1 2025, indicating solid profitability growth in a stable market, with full-year EPS guidance reaffirmed at $5.51 to $5.61.
- Data Center Demand: The company anticipates serving a forecasted demand of 2.6 gigawatts in the Microsoft Mount Pleasant/I-94 corridor by 2030, with Vantage Data Centers projected to reach 1.3 gigawatts in the next five years and a potential of 3.5 gigawatts, highlighting strong growth potential in a rapidly expanding market.
- Capital Plan: WEC's five-year capital plan includes projected investments of $37.5 billion, with approximately 15% of the asset base expected to come from large customers by 2030, providing robust support for future growth.
- Regulatory Approval: The Wisconsin Commission verbally approved the very large customer tariff structure, with an expected return on equity range of 10.48% to 10.98% and an equity ratio of 57%, laying a foundation for future growth while ensuring the interests of all customers and shareholders are protected.
See More
WEC Energy Group Reports Q1 2026 Earnings Growth
- Net Income Growth: WEC Energy Group reported a net income of $804.4 million for Q1 2026, translating to $2.45 per share, which represents an 8.9% and 7.9% increase from last year's $724.2 million and $2.27 per share, showcasing the company's success in executing its capital plan and enhancing operational efficiencies.
- Revenue Increase: The company's consolidated revenues reached $3.434 billion in the first quarter, up $284.7 million year-over-year, reflecting stable growth in retail electricity deliveries, particularly a 2.7% increase in consumption from large commercial and industrial customers, which will enhance the company's competitive position in the market.
- Electricity Delivery Performance: Excluding the iron ore mine in Michigan's Upper Peninsula, retail electricity deliveries increased by 1.1% year-over-year, while electricity consumption by small commercial and industrial customers rose by 0.7%, indicating effective strategies in meeting customer demands.
- Future Outlook: WEC Energy Group reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather conditions for the remainder of the year, which provides confidence to investors and supports the company's future investment and growth plans.
See More
WEC Energy Group Inc. Confirms Earnings Guidance of $5.51-$5.61 Per Share for 2026
Earnings Guidance: WEC Energy Group Inc. has reaffirmed its earnings guidance for 2026, projecting earnings per share between $5.51 and $5.61.
Financial Outlook: The reaffirmation indicates confidence in the company's financial performance and strategic direction moving forward.
See More
WEC Energypress Q1 Earnings Exceed Expectations
- Earnings Beat: WEC Energypress reported a Q1 GAAP EPS of $2.45, beating expectations by $0.12, reflecting strong profitability that boosts investor confidence.
- Revenue Growth: The company achieved revenue of $3.43 billion, an 8.9% year-over-year increase, surpassing market expectations by $10 million, indicating its competitive strength amid rising electricity demand.
- Guidance Reaffirmation: WEC reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, slightly above the consensus of $5.60, demonstrating confidence in future profitability.
- Market Focus: With the surge in global electricity demand driven by EVs and data centers, WEC's performance is likely to attract significant market attention, potentially impacting its stock price trajectory.
See More
WEC Energy Q1 Earnings Announcement Scheduled
- Earnings Release Date: WEC Energy is set to announce its Q1 earnings on May 5th before market open, with consensus EPS estimate at $2.30 and revenue expected at $3.42 billion, reflecting an 8.6% year-over-year growth, which will provide crucial performance insights for investors.
- Earnings Forecast Adjustments: Over the last three months, EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates have experienced three upward changes and one downward, indicating mixed market sentiment regarding the company's profitability, which could impact investor confidence.
- Capital Plan Overview: WEC Energy has outlined a $37.5 billion capital plan, projecting annual EPS growth of 7-8% through 2030, a strategy that will help the company maintain competitiveness amid surging demand for data centers.
- Industry Trend Impact: As the demand for electric vehicles and data centers drives a global surge in electricity needs, WEC Energy's business outlook is under scrutiny, and investors should closely monitor its earnings report to assess future growth potential.
See More
WEC Energy Group to Release Q1 2026 Earnings on May 5
- Earnings Release Schedule: WEC Energy Group is set to release its Q1 2026 earnings before the market opens on May 5, demonstrating the company's commitment to transparency and information disclosure, which is expected to influence investor confidence.
- Investor Conference Call: A conference call for investors and analysts is scheduled for the same day at 1 p.m. Central time, providing in-depth financial analysis and future outlook, aimed at enhancing communication and engagement with shareholders.
- Customer Base: Serving 4.8 million customers across Wisconsin, Illinois, Michigan, and Minnesota, WEC Energy Group showcases its significant influence and market share in the U.S. energy sector.
- Company Scale and Assets: As a Fortune 500 company, WEC Energy Group boasts over $51 billion in assets and approximately 32,000 stockholders, reflecting its robust position and investment appeal within the industry.
See More
