WEC Energy Group Inc

WEC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$94.00	Vhyqb	Zgmqrfvvfg

WEC Energy: Significant Data Center Announcement Supports Long-Term Growth for Top Utilities Pick

Andrew Bischof

May 8, 2024

We are reaffirming our $96 per share fair value estimate for WEC Energy after Microsoft announced a significant expansion of its data center campus in Southeastern Wisconsin. Our expectations for WEC Energy to achieve the high end of management's 6.5% to 7% annual earnings growth guidance range through 2028 remain unchanged. Our narrow moat rating remains unchanged.

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