WEC Energy Group Board Announces Gale Klappa Retirement

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Jan 22 2026

0mins

The board of directors of WEC Energy Group announced that consistent with the company's guidelines, Gale Klappa will not be standing for election and will retire from the board following the annual meeting in May. Klappa served as non-executive chairman of WEC Energy Group after retiring as chief executive officer in May 2016. In October 2017, Klappa resumed the role of chairman and chief executive officer to provide leadership and continuity following a medical issue that sidelined his successor. He returned to the non-executive chairman role in May 2024. Klappa intends to remain engaged in economic development matters following his retirement from the board of directors. The board also voted to bestow on Klappa the honorary title ChairmanEmeritus, effective after the company's annual meeting, in recognition of his exemplary leadership and decades of dedicated service to both the board and the company. The board plans to appoint ScottLauber, president and chief executive officer, to the additional role of chairman following the company's annual meeting, subject to his election by stockholders in the annual director election. Lauber has served as president and chief executive officer of WECEnergyGroup and as a member of the board of directors since February2022.

Get Free Real-Time Notifications for Any Stock

Monitor tickers like WEC with instant alerts to capture every critical market movement.

Sign up for free to build your custom watchlist and receive professional-grade stock notifications.

WEC

$110.41+Infinity%1D

Analyst Views on WEC

Wall Street analysts forecast WEC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WEC is 120.15 USD with a low forecast of 105.00 USD and a high forecast of 136.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

13 Analyst Rating

4 Buy

8 Hold

1 Sell

Hold

Current: 110.040

Low

105.00

Averages

120.15

High

136.00

Current: 110.040

Low

105.00

Averages

120.15

High

136.00

RBC Capital

Stephen D'Ambrisi

Sector Perform

downgrade

$131 -> $127

2026-01-23

Reason

RBC Capital

Stephen D'Ambrisi

Price Target

$131 -> $127

AI Analysis

2026-01-23

downgrade

Sector Perform

Reason

RBC Capital analyst Stephen D'Ambrisi lowered the firm's price target on WEC Energy to $127 from $131 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 earnings in Utilities. As has been the trend across the space over the last 18 months given the rapidly changing capital deployment landscape, a number of utilities that are typically Q4 roll-forward companies gave off-cycle or early previews of updated capital plans, prompting the firm to revise its model in the sector, the analyst tells investors in a research note.

Barclays

Equal Weight

maintain

$105 -> $110

2026-01-22

Reason

Barclays

Price Target

$105 -> $110

2026-01-22

maintain

Equal Weight

Reason

Barclays raised the firm's price target on WEC Energy to $110 from $105 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the power and utilities group as part of a Q4 preview.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for WEC

Unlock Now

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 and 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.