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WEC

WEC Energy Group Inc

NYSE: WEC · UTILITIES · UTILITIES - REGULATED ELECTRIC

$114.51
-1.10% today

Updated 2026-04-29

Market cap
$37.30B
P/E ratio
23.81
P/S ratio
3.81x
EPS (TTM)
$4.81
Dividend yield
3.08%
52W range
$98 – $120
Volume
1.9M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

WEC Energy Group Inc (WEC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$114.51
Consensus
$119.25
+4.14%
2030 Target
$493.84
+331.26%
DCF
$80.67
-40.24% MoS
21 analysts:
5 Buy5 Hold1 Sell

Management guidance

WEC Energy Group management has outlined a $37.5 billion capital expenditure plan from 2026-2030 driven by 3.9 GW of data center load growth (primarily Microsoft), with projected adjusted EPS growth of 7-8% annually through 2030. The company is filing for multi-year rate increases in 2027-2028 to support infrastructure modernization and renewable energy investments, anchoring sustainable revenue expansion.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$811.30
$13.3B Rev × 20x P/S
Base case (2030)
$493.84
$13.3B Rev × 12x P/S
Bear case (2030)
$329.22
$13.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2030 (E)
Revenue$8.9B$8.6B$9.8B$10.3B$11.0B$11.7B$13.3B
Revenue growth—-3.3%14.0%5.5%6.2%6.4%6.7%
EPS$4.63$4.83$4.83$5.65$6.08$6.51$7.48
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$376.26$399.77$435.05$493.84

Catalysts & risks

Growth catalysts
+ 3.9 GW data center load growth through 2030 from Microsoft and Vantage Data Centers driving incremental revenue
+ $37.5B capital plan execution with rate case approvals in Wisconsin (2027-2028) unlocking cost recovery
+ Clean energy transition and grid modernization investments supporting rate base growth and regulatory ROI
+ Oak Creek power plant life extension through 2027 ensuring reliability and supporting infrastructure investments
+ Federal tax credits and earnings sharing mechanisms reducing customer bill impact while maintaining margins
Key risks
- Regulatory risk: Wisconsin PSC may not approve full requested rate increases (nearly $500M); consumer advocacy pushback on data center cost allocation
- Data center demand risk: Microsoft or other tech customers could delay or reduce capacity buildouts; economic recession reducing industrial load
- Interest rate risk: Higher debt service costs if rates remain elevated; refinancing existing debt at unfavorable terms
- Energy transition risk: Accelerated coal plant retirements or renewable energy policy shifts affecting cost structure
- Execution risk: $37.5B capex plan complexity and potential project delays; supply chain disruptions

Methodology

WEC Energy Group Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.