Key Stats for WEC Stock
- Year-to-Date Performance: 12%
- 52-Week Range: $101 to $118
- Valuation Model Target Price:$140
- Implied Upside: 19%
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What Happened?
WEC Energy Group stock traded near $118 per share, rising about 12% year to date in 2026 as investors leaned into the company’s stable earnings profile while increasingly pricing in a new growth driver from data center-driven electricity demand.
The stock moved higher specifically because investors began pricing in faster long-term earnings growth, driven by rising electricity demand from hyperscale data centers and WEC’s ability to invest heavily in regulated infrastructure.
Utilities earn returns on their capital investments, so higher demand allows WEC to deploy more capital and grow its rate base, directly supporting earnings growth and attracting investor capital.
Similar demand trends are emerging across peers such as NextEra Energy and Xcel Energy, though WEC’s more concentrated exposure to new data center development may support stronger growth expectations.
Recent updates highlighted strong 2025 results with adjusted EPS of $5.27, up 8% year over year, alongside increasing demand tied to data center development.
Microsoft’s expansion added 500 megawatts of demand and $1 billion of incremental capital, contributing to a total forecast of 3.9 gigawatts of demand growth over the next five years.
CEO Scott Lauber said the company delivered “another year of solid results in virtually every meaningful measure,” reinforcing confidence in its $37.5 billion capital plan and long-term earnings growth outlook.
Recent filings showed mixed but generally stable institutional positioning. Aventail Capital increased its position by 20.6% to 239,884 shares, CBRE Investment Management raised its stake by 17.1% to over 1.23 million shares, and First Trust Advisors boosted holdings by 26.3% to about 754,939 shares.
At the same time, Earnest Partners reduced its stake by 7.8% to roughly 1.83 million shares, and Korea Investment Corp trimmed its position by 23.8%.
New positions from firms like Quantitative Investment Management and Jefferies, alongside total institutional ownership of about 77%, continue to support long-term confidence in the stock.
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Is WEC Undervalued?
Under valuation assumptions, the stock is modeled using:
- Revenue Growth (CAGR): 6%
- Operating Margins: 31%
- Exit P/E Multiple: 20x
WEC’s growth outlook is driven by rate base expansion, where continued investment in grid infrastructure, natural gas generation, and renewable energy allows the company to earn regulated returns on a growing asset base.
The 6% growth assumption is supported by approved rate increases and rising electricity demand, particularly from data centers that require long-term, high-volume power supply, creating a durable source of incremental capital investment.
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Margins remain stable due to the regulated nature of the business, where returns are set by regulators, making earnings more predictable than unregulated energy companies.
Compared to peers such as NextEra Energy and Xcel Energy, WEC offers a similar stability profile but is increasingly benefiting from concentrated data center demand within its service territory, which may support slightly stronger growth over time.
Near-term performance is tied to execution on its $37.5 billion capital plan, regulatory approvals, and the timing of large customer projects coming online.
At current levels, WEC appears modestly undervalued, with returns likely driven by steady earnings growth, dividend income, and continued expansion of its regulated asset base.
How Much Upside Does WEC Stock Have From Here?
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All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
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