WEC Energy Is 'Leader Of The Pack' With Strong Prospect In Wisconsin, Analyst Says
Portfolio Pulse from Lekha Gupta
RBC Capital Markets analyst Shelby Tucker initiated coverage of WEC Energy Group Inc with a Sector Perform rating and a price target of $95. The analyst sees growth opportunities in Wisconsin, led by the push for electrification and decarbonization. Microsoft Corp's investment in data centers in Wisconsin is expected to offer incremental investment opportunities for WEC over the medium term. However, WEC's increased usage of parent debt to ~30% could weigh on the FFO/debt ratio.
September 27, 2023 | 6:58 pm
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NEUTRAL IMPACT
Microsoft Corp's investment in data centers in Wisconsin is expected to offer incremental investment opportunities for WEC Energy Group Inc over the medium term.
Microsoft's investment in data centers in Wisconsin is seen as a positive for WEC Energy, offering potential incremental investment opportunities. However, the direct impact on Microsoft's stock is not clear from the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
WEC Energy Group Inc has been given a Sector Perform rating by RBC Capital Markets, with a price target of $95. The company's growth opportunities in Wisconsin and potential benefits from Microsoft's investments are seen as positive. However, the increased usage of parent debt could negatively impact the FFO/debt ratio.
The analyst's rating and price target suggest a neutral outlook for WEC Energy. The company's growth opportunities in Wisconsin and potential benefits from Microsoft's investments are seen as positive factors. However, the increased usage of parent debt, which could weigh on the FFO/debt ratio, is a potential risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100