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