Welcome to our dedicated page for WEC Energy news (Ticker: WEC), a resource for investors and traders seeking the latest updates and insights on WEC Energy stock.
WEC Energy Group (NYSE: WEC) is a leading provider of regulated electric and natural gas services across the Midwest, serving millions of residential and commercial customers through its extensive infrastructure network. This page aggregates official company announcements, financial disclosures, and operational updates to serve as a comprehensive resource for stakeholders.
Key Features: Track press releases on rate approvals, infrastructure investments, and sustainability initiatives alongside quarterly earnings reports and regulatory filings. Content is curated to highlight material developments affecting WEC's operations as a low-risk, regulated utility with a growing renewable energy portfolio.
Investor Relevance: Stay informed on capital expenditure plans, dividend declarations, and strategic acquisitions within WEC's service territories. Updates reflect the company's focus on grid modernization, emission reduction targets, and compliance with state-level energy policies.
Bookmark this page for real-time access to WEC Energy Group's corporate communications, or subscribe to Stock Titan alerts for immediate notifications of new developments impacting this dividend-paying utility stock.
WEC Energy Group reported strong first-quarter results with net income of $622.3 million, or $1.97 per share, up from last year. Consolidated revenues totaled $2.7 billion, down slightly from the previous year. The company focused on financial discipline, operating efficiency, and customer satisfaction amidst a warm winter in Wisconsin. Natural gas and electricity deliveries showed variations, with the company reaffirming its 2024 earnings guidance of $4.80 to $4.90 per share.
WEC Energy Group has announced the acquisition of a 90% ownership interest in the Delilah I Solar Energy Center, a 300-megawatt project near Dallas, Texas, developed by Invenergy. The project will generate renewable energy for a global automaker under a long-term power purchase agreement. WEC's investment is expected to total $459 million. This acquisition is part of WEC's commitment to investing in clean energy solutions and marks the company's continued expansion in the renewable energy sector.
FAQ
What is the current stock price of WEC Energy (WEC)?
What is the market cap of WEC Energy (WEC)?
