WEC Price Prediction Next Week
Technical Analysis: Based on the recent price action, WEC shows a bullish trend in the short term. The stock has formed higher lows and higher highs over the past week, with the latest close at $102.97.
Price Target Analysis:
- Current analyst consensus price target: $104.14
- High target: $115.00
- Low target: $93.00
Recent Performance and Indicators:
- Stock has shown strong momentum, rising from $75.01 to $102.97 in recent trading sessions
- Trading volume has been moderate with an average of around 2M shares daily
- RSI indicates slightly overbought conditions but maintains upward momentum
Fundamental Factors:
- Company reaffirmed its FY2025 EPS guidance of $5.17-$5.27
- Q1 2025 EPS guidance of $2.13-$2.23, significantly above consensus of $1.70
- Plans to issue $700M-$800M of common equity in 2025
Analyst Consensus: Recent analyst actions show positive sentiment:
- Scotiabank: Buy rating with $110 target
- Wells Fargo: Buy rating with $115 target
- BMO Capital: Market Perform with $100 target
Price Prediction for Next Week: Based on technical indicators and analyst sentiment:
- Bullish scenario (60% probability): $104.50-$105.50
- Base scenario (30% probability): $102.00-$104.00
- Bearish scenario (10% probability): $100.50-$102.00
Recommendation: SELL Despite positive fundamentals, the stock appears overbought in the short term after recent strong gains. Investors might want to take profits at current levels and wait for a pullback to re-enter.
WEC Similar Chart Price Prediction
The price of WEC is predicted to go up 0.48%, based on the high correlation periods with AEE. The similarity of these two price pattern on the periods is 98.24%.
WEC
AEE
Up: 0.48%Similarity: 98.24%
WEC Revenue Forecast
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WEC VS S&P500
Wisconsin, representing nearly two thirds of WEC Energy's business, is a favorable regulatory environment with a forward-looking test year and earned returns above the national average.
The company's capital investment plans support our forecast for earnings at the high end of management's narrow 6.5%-7% guidance range.
WEC has numerous growth opportunities across its operating subsidiaries.
WEC Analyst's Forecast
Nicholas Campanella
Barclays
Sell → Hold
2025-01-02
Price Target
$89 → $93
Downside
-1.05%
Barclays upgraded WEC Energy to Equal Weight from Underweight with a price target of $93, up from $89. The firm maintains a positive sector outlook for power and utilities into 2025. The analyst sees WEC Energy's recent fiscal 2025 earnings guidance introduction as in line with the company's long-term 6.5% growth average, with limited negative catalysts ahead for the shares in 2025 given no material rate case risk. However, the shares currently trade at an "elevated premium valuation," the analyst tells investors in a research note.
Julien Dumoulin-Smith
B of A Securities
Sell → Hold
2024-12-12
Price Target
$90 → $98
Upside
+2.23%
Andrew Weisel
Scotiabank
Buy
2024-12-09
Price Target
$103 → $110
Upside
+13.27%
