Analyst Consensus ?
ConsensusHold34 ratings
Bullish1029.4%
Neutral2058.8%
Bearish411.8%
WEC Energy Group, Inc. · WEC · FY2025 Q4 · Calendar Q1 2026
WEC expands capital plan as data-center demand grows
WEC’s earnings and demand profile support its growth case, but the evidence is conditional: management reported 2025 adjusted EPS at the top of guidance, added capital for data-center demand, and reaffirmed 7–8% long-term EPS CAGR. Regulatory approvals, project delivery, and financing are the key tests.
Reported Before market openNYSEUtilities
$32.83B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.42
Consensus $1.39
EPS surprise
+2.2%
Reported versus consensus
Reported revenue
$2.54B
Consensus $2.14B
Revenue surprise
+18.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.2%
Event window
SPY move
-1.2%
Same window
Abnormal move
+0.0%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
+3.4%
Up to 20 sessions
WECSPY benchmark
Ask FN2 about WEC FY2025 Q4
Transcript, numbers and history already loaded
Why did WEC fall 1.2% after beating EPS estimates in FY2025 Q4?What changed in WEC's guidance and outlook in FY2025 Q4?Give me the bull and bear case for WEC after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The five-year capital plan increased by $1 billion to $37.5 billion, reflecting 500 MW of additional Microsoft data-center demand and total projected demand of 3.9 GW. Management also highlighted an Illinois settlement, Wisconsin tariff review, and new generation and LNG projects.
Guidance delta
Maintained: management reaffirmed its long-term EPS growth target of 7–8% CAGR.
Key takeaways
- 2025 adjusted EPS of $5.27 reached the top of guidance, while the dividend increased to $3.81 per share.
- The five-year capital plan rose to $37.5 billion after $1 billion of incremental data-center-related capital was added.
- Management cited 3.9 GW of projected demand and reaffirmed 7–8% long-term EPS CAGR growth.
- Regulatory and financing execution remain central to the outlook.
Management priorities
- Execute the updated $37.5 billion five-year capital plan.
- Add 6,500 MW of renewable generation and complete battery-storage projects.
- Commission the 1,100 MW combustion turbine and 2 BCF LNG facility.
- Pursue Wisconsin rate reviews and approval of the very-large-customer tariff.
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Beat
Miss
Match
Analyst 52W Price Targets
$100.78Previous close
$95Low
$117.43Average
$136High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Aug 13, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 23, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 16, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 21, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Feb 6, 2026 |
| Jefferies | Hold | Hold | Maintain | Jan 28, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jan 20, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Dec 31, 2025 |
| UBS | Neutral | Neutral | Maintain | Dec 17, 2025 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Oct 31, 2025 |
| Goldman Sachs | Sell | Neutral | Downgrade | Jun 25, 2025 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Feb 8, 2024 |
| Guggenheim | Neutral | Neutral | Maintain | Jul 7, 2023 |
| Credit Suisse | Underperform | Underperform | Maintain | Nov 3, 2022 |
| Wolfe Research | Peer Perform | Peer Perform | Maintain | May 3, 2022 |
| CFRA | Strong Sell | Strong Sell | Maintain | May 5, 2020 |
| Evercore ISI Group | In Line | Underperform | Upgrade | Mar 16, 2020 |
| Citigroup | Neutral | Neutral | Maintain | Jan 16, 2020 |
| Bank of America | Underperform | Neutral | Downgrade | Jun 24, 2019 |
| Argus Research | Buy | Buy | Maintain | Dec 6, 2018 |
| Argus | Buy | Buy | Maintain | Dec 6, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 1, 2018 |
| Baird | Outperform | Neutral | Upgrade | Jul 16, 2015 |
| Gabelli & Co. | Buy | Hold | Upgrade | Jun 18, 2015 |
| Wunderlich Securities | Hold | Hold | Maintain | Oct 30, 2014 |
| Wunderlich | Hold | Hold | Maintain | Oct 30, 2014 |
| CRT Capital | Hold | Hold | Maintain | Jul 21, 2014 |
| ISI Group | Neutral | Cautious | Maintain | Jun 24, 2014 |
| Edward Jones | Hold | Sell | Upgrade | Jun 23, 2014 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Jul 11, 2013 |
| DA Davidson | Neutral | Neutral | Maintain | Jan 18, 2013 |
| Wellington Shields | Buy | Hold | Upgrade | Nov 8, 2012 |
| Nomura | Neutral | Neutral | Maintain | Nov 1, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $100.78. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Richard Sunderland | $114 | $109.68 | +13.1% | Aug 13, 2026 |
| BMO Capital | James Thalacker | $117 | $112.85 | +16.1% | Jul 22, 2026 |
| Truist Financial | Richard Sunderland | $119 | $109.16 | +18.1% | May 18, 2026 |
| Mizuho Securities | Analyst unavailable | $124 | $115.22 | +23.0% | May 6, 2026 |
| Wells Fargo | Analyst unavailable | $127 | $115.14 | +26.0% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $124 | $115.14 | +23.0% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $117 | $115.87 | +16.1% | Apr 20, 2026 |
| BMO Capital | Analyst unavailable | $121 | $111.92 | +20.1% | Feb 6, 2026 |
| Mizuho Securities | Analyst unavailable | $121 | $111.94 | +20.1% | Feb 6, 2026 |
| BTIG | Alex Kania | $135 | $110.41 | +34.0% | Jan 30, 2026 |
| RBC Capital | Stephen D'Ambrisi | $127 | $108.45 | +26.0% | Jan 23, 2026 |
| Wells Fargo | Shahriar Pourreza | $117 | $108.59 | +16.1% | Jan 20, 2026 |
| UBS | Analyst unavailable | $116 | $106.09 | +15.1% | Dec 31, 2025 |
| UBS | Analyst unavailable | $115 | $104.48 | +14.1% | Dec 17, 2025 |
| Barclays | Nicholas Campanella | $105 | $105.28 | +4.2% | Dec 16, 2025 |
| KeyBanc | Sophie Karp | $117 | $103.48 | +16.1% | Dec 12, 2025 |
| Scotiabank | Andrew Weisel | $130 | $112.18 | +29.0% | Oct 31, 2025 |
| RBC Capital | Stephen D'Ambrisi | $131 | $116.68 | +30.0% | Oct 27, 2025 |
| Wells Fargo | Analyst unavailable | $124 | $116.68 | +23.0% | Oct 27, 2025 |
| Mizuho Securities | Analyst unavailable | $125 | $116.01 | +24.0% | Oct 27, 2025 |
| BTIG | Analyst unavailable | $136 | $116.58 | +34.9% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $110 | $117.5 | +9.1% | Oct 21, 2025 |
| BMO Capital | James Thalacker | $120 | $117.5 | +19.1% | Oct 21, 2025 |
| KeyBanc | Analyst unavailable | $123 | $116.49 | +22.0% | Oct 15, 2025 |
| UBS | Analyst unavailable | $122 | $113.88 | +21.1% | Oct 10, 2025 |
| Scotiabank | Andrew Weisel | $129 | $113.29 | +28.0% | Oct 6, 2025 |
| UBS | Neil Kalton | $107 | $105.51 | +6.2% | Jul 11, 2025 |
| Scotiabank | Andrew Weisel | $115 | $109.76 | +14.1% | May 7, 2025 |
| KeyBanc | Sophie Karp | $108 | $98.98 | +7.2% | Oct 22, 2024 |
| BMO Capital | James Thalacker | $93 | $92.96 | -7.7% | Aug 23, 2024 |
| Barclays | Nicholas Campanella | $86 | $88.19 | -14.7% | Aug 6, 2024 |
| BMO Capital | James Thalacker | $87 | $81.62 | -13.7% | Jul 22, 2024 |
| Barclays | Nicholas Campanella | $80 | $81.55 | -20.6% | Jul 22, 2024 |
| KeyBanc | Sophie Karp | $96 | $80.44 | -4.7% | Apr 19, 2024 |
| RBC Capital | Shelby Tucker | $95 | $80.57 | -5.7% | Sep 27, 2023 |
| Mizuho Securities | Anthony Crowdell | $98 | $89.27 | -2.8% | May 18, 2023 |
| Wells Fargo | Analyst unavailable | $106 | $92.84 | +5.2% | Feb 3, 2023 |
| BMO Capital | Analyst unavailable | $100 | $96.06 | -0.8% | Dec 5, 2022 |
| Mizuho Securities | Anthony Crowdell | $93 | $89.49 | -7.7% | Jun 17, 2022 |
| Barclays | Eric Beaumont | $108 | $92.05 | +7.2% | Jun 15, 2022 |
| Wells Fargo | Analyst unavailable | $111 | $99.73 | +10.1% | May 3, 2022 |
| Credit Suisse | Analyst unavailable | $108 | $102.91 | +7.2% | Apr 26, 2022 |
Track every rating change on WEC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationWEC Energy Group, Inc. is a major energy provider operating across the United States, delivering regulated natural gas and electricity, as well as both regulated and non-regulated renewable energy services. The company's operations are divided into six main business segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Its electricity generation relies on a diverse portfolio of sources, including coal, natural gas, oil, hydroelectric, wind, solar, and biomass. Beyond power generation, WEC Energy Group also provides electric transmission services, manages retail natural gas distribution, handles natural gas transportation, and is involved in the production, distribution, and sale of steam.…
Historical context
All WEC earningsLatest beats and misses
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Get the WEC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-01T08:36:06.084718+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-01T08:36:06.079125+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-01. For educational purposes only; not investment advice.