Analyst Consensus ?
ConsensusHold34 ratings
Bullish1029.4%
Neutral2058.8%
Bearish411.8%
WEC Energy Group, Inc. · WEC · FY2026 Q2 · Calendar Q3 2026
WEC Q2 Beat, Reaffirms EPS Outlook as Data-Center Demand Builds
The supplied analysis supports a constructive operating outlook: WEC reported a Q2 EPS beat, reaffirmed full-year guidance, and pointed to data-center demand and infrastructure investment as growth drivers. The thesis remains conditional on regulatory progress, customer commitments, project execution, and funding.
Reported Before market openNYSEUtilities
$33.49B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.91
Consensus $0.80
EPS surprise
+13.2%
Reported versus consensus
Reported revenue
$2.06B
Consensus $2.11B
Revenue surprise
-2.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.0%
Event window
SPY move
-1.5%
Same window
Abnormal move
-0.5%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
-3.4%
Up to 20 sessions
WECSPY benchmark
Ask FN2 about WEC FY2026 Q2
Transcript, numbers and history already loaded
Why did WEC fall 2.0% after beating EPS estimates in FY2026 Q2?What changed in WEC's guidance and outlook in FY2026 Q2?Give me the bull and bear case for WEC after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, WEC reported a Q2 EPS beat and maintained full-year guidance. The supplied analysis adds that Oracle is involved in a lawsuit, while credit-support arrangements are said to keep the Port Washington project on time and on budget; it also notes $760 million of H1 equity raised through the ATM program and an expected $1.1 billion for the full year.
Guidance delta
Management reaffirmed full-year EPS guidance of $5.51-$5.61, assuming normal weather; the supplied analysis characterizes guidance as maintained.
Key takeaways
- Q2 earnings beat expectations, while full-year EPS guidance was reaffirmed.
- Management highlighted data-center demand in Wisconsin and progress on Microsoft and Oracle/Vantage projects.
- The $37.5 billion five-year capital plan emphasizes large-customer, generation, transmission, and other infrastructure projects.
- The Very Large Customer tariff provides a framework for large-scale customers; Wisconsin and Illinois rate cases remain important milestones.
Management priorities
- Advance Microsoft and Oracle/Vantage data-center projects and pursue additional large customers.
- Continue Paris and Old Creek natural-gas generation projects targeted for late-2027 start-up.
- Implement the Very Large Customer tariff and advance transmission and rate-case work.
- Refresh the five-year capital plan and use equity financing to support capital needs.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$101.37Current
$95Low
$117.43Average
$136High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 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 current price $101.37. 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 | +12.5% | Aug 13, 2026 |
| BMO Capital | James Thalacker | $117 | $112.85 | +15.4% | Jul 22, 2026 |
| Truist Financial | Richard Sunderland | $119 | $109.16 | +17.4% | May 18, 2026 |
| Mizuho Securities | Analyst unavailable | $124 | $115.22 | +22.3% | May 6, 2026 |
| Wells Fargo | Analyst unavailable | $127 | $115.14 | +25.3% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $124 | $115.14 | +22.3% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $117 | $115.87 | +15.4% | Apr 20, 2026 |
| BMO Capital | Analyst unavailable | $121 | $111.92 | +19.4% | Feb 6, 2026 |
| Mizuho Securities | Analyst unavailable | $121 | $111.94 | +19.4% | Feb 6, 2026 |
| BTIG | Alex Kania | $135 | $110.41 | +33.2% | Jan 30, 2026 |
| RBC Capital | Stephen D'Ambrisi | $127 | $108.45 | +25.3% | Jan 23, 2026 |
| Wells Fargo | Shahriar Pourreza | $117 | $108.59 | +15.4% | Jan 20, 2026 |
| UBS | Analyst unavailable | $116 | $106.09 | +14.4% | Dec 31, 2025 |
| UBS | Analyst unavailable | $115 | $104.48 | +13.5% | Dec 17, 2025 |
| Barclays | Nicholas Campanella | $105 | $105.28 | +3.6% | Dec 16, 2025 |
| KeyBanc | Sophie Karp | $117 | $103.48 | +15.4% | Dec 12, 2025 |
| Scotiabank | Andrew Weisel | $130 | $112.18 | +28.2% | Oct 31, 2025 |
| RBC Capital | Stephen D'Ambrisi | $131 | $116.68 | +29.2% | Oct 27, 2025 |
| Wells Fargo | Analyst unavailable | $124 | $116.68 | +22.3% | Oct 27, 2025 |
| Mizuho Securities | Analyst unavailable | $125 | $116.01 | +23.3% | Oct 27, 2025 |
| BTIG | Analyst unavailable | $136 | $116.58 | +34.2% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $110 | $117.5 | +8.5% | Oct 21, 2025 |
| BMO Capital | James Thalacker | $120 | $117.5 | +18.4% | Oct 21, 2025 |
| KeyBanc | Analyst unavailable | $123 | $116.49 | +21.3% | Oct 15, 2025 |
| UBS | Analyst unavailable | $122 | $113.88 | +20.4% | Oct 10, 2025 |
| Scotiabank | Andrew Weisel | $129 | $113.29 | +27.3% | Oct 6, 2025 |
| UBS | Neil Kalton | $107 | $105.51 | +5.6% | Jul 11, 2025 |
| Scotiabank | Andrew Weisel | $115 | $109.76 | +13.5% | May 7, 2025 |
| KeyBanc | Sophie Karp | $108 | $98.98 | +6.5% | Oct 22, 2024 |
| BMO Capital | James Thalacker | $93 | $92.96 | -8.3% | Aug 23, 2024 |
| Barclays | Nicholas Campanella | $86 | $88.19 | -15.2% | Aug 6, 2024 |
| BMO Capital | James Thalacker | $87 | $81.62 | -14.2% | Jul 22, 2024 |
| Barclays | Nicholas Campanella | $80 | $81.55 | -21.1% | Jul 22, 2024 |
| KeyBanc | Sophie Karp | $96 | $80.44 | -5.3% | Apr 19, 2024 |
| RBC Capital | Shelby Tucker | $95 | $80.57 | -6.3% | Sep 27, 2023 |
| Mizuho Securities | Anthony Crowdell | $98 | $89.27 | -3.3% | May 18, 2023 |
| Wells Fargo | Analyst unavailable | $106 | $92.84 | +4.6% | Feb 3, 2023 |
| BMO Capital | Analyst unavailable | $100 | $96.06 | -1.3% | Dec 5, 2022 |
| Mizuho Securities | Anthony Crowdell | $93 | $89.49 | -8.3% | Jun 17, 2022 |
| Barclays | Eric Beaumont | $108 | $92.05 | +6.5% | Jun 15, 2022 |
| Wells Fargo | Analyst unavailable | $111 | $99.73 | +9.5% | May 3, 2022 |
| Credit Suisse | Analyst unavailable | $108 | $102.91 | +6.5% | 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
Who reports nextBeat on EPS
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
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 · 2026-07-29T22:06:23.018407+00:00
- FN2 earnings calendar · 2026-09-03T01:23:14.877038+00:00
- Polygon adjusted daily market bars · 2026-09-23T17:30:57.275311+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T17:30:57.272346+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 2026-09-23. For educational purposes only; not investment advice.