5 analysts' median target is $121[FMP target], stock is $115, +5.0% upside potential. After Q1 +6.5% EPS beat[FMP earnings], the stock moved no data.
A- = MoonshotScore 51[9-pillar formula] + Council 1/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $2.0B[FMP est], EPS $0.84[FMP est]. 5 consecutive quarters of beat[FMP earnings].
Q1 EPS +6.5% beat[FMP] but the stock no data D+1[FMP D+1]. Liu Xia promised $817.9M CapEx + a sequential decline in Q4 during the Q1 earnings call[Liu Xia capex transcript].
Watchlist
Earnings Growth Projection
earnings_growth_projection
WEC projects long-term earnings per share growth of 7% to 8% a year on a compound annual basis between 2026 and 2030, with the growth rate expected to accelerate to the upper half of the range starting in 2028.
"As you recall, we project long-term earnings per share growth of 7% to 8% a year on a compound annual basis between 2026 and 2030. This is based on the midpoint of our 2025 adjusted guidance. We expect that growth rate to accelerate to the upper half of the range starting in 2028."
- Scott Lauber - Q1 FY26 Earnings Call - May 5, 2026
2026 Earnings Guidance
2026_earnings_guidance
WEC is reaffirming its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year.
"As Scott mentioned earlier, we are reaffirming our 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year."
- Liu Xia - Q1 FY26 Earnings Call - May 5, 2026
Equity Issuance Progress
equity_issuance_progress
WEC secured approximately $455 million in common equity during Q1 2026, accounting for almost half of its expected equity needs for 2026.
"In terms of common equity, we locked in about $455 million in Q1 this year. This includes $25 million issued under our employee benefit plan and $430 million via the ATM program under forward contracts that we will settle in the future. Remember, we expect to issue up to $1.1 billion of common equity this year. So through the first quarter, we have accounted for almost half of our expected equity needs for 2026."
- Liu Xia - Q1 FY26 Earnings Call - May 5, 2026
Dividend Increase
dividend_increase
WEC increased the dividend by 6.7%, marking the 23rd consecutive year that its shareholders will be rewarded with higher dividends.
"Now as you may recall, our Board this January meeting increased the dividend by 6.7%. This marks the 23rd consecutive year that our shareholders will be rewarded with higher dividends."
- Scott Lauber - Q1 FY26 Earnings Call - May 5, 2026
VLC Tariff Approval
VLC_tariff_approval
WEC's Very Large Customer (VLC) tariff has been approved by the Public Service Commission, providing a balanced approach with a predictable cost profile for large customers, protection for other customers, and support for the company's financial health.
"After completing its review, the Public Service Commission verbally approved the tariff structure on April 24. As a reminder, this tariff provides a balanced approach, reliable electric service for our very large customers with a predictable cost profile, protection of other customers from bearing any cost to serve these very large customers, protection of the company's financial health and support for economic development and growth in the region."
- Scott Lauber - Q1 FY26 Earnings Call - May 5, 2026
5yr Capital Plan
5yr_capital_plan
WEC's 5-year capital plan projects $37.5 billion of investments focused on low-risk and highly executable projects.
"Our 5-year capital plan includes $37.5 billion of projected investments -- it's based on projects that are low risk and highly executable with a good portion dedicated to the very large customers."
- Scott Lauber - Q1 FY26 Earnings Call - May 5, 2026
Stock Expert AI - Methodology
9-pillar methodology. Revenue Growth strong. Operating Leverage weak.
How is it calculated? ->6 investor frameworks. 1 bullish (Ray Dalio), 1 bearish (Ken Griffin), 4 neutral (Jim Simons, Klarman, Buffett, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q1 (May 5, 2026): EPS $2.45 vs $2.30 est[FMP], +6.5% beat. D+1 movement: no data[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $2.45 vs $2.30 beat[FMP], stock no data D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $817.9M[FMP cashflow]. Q1 op margin 28.5%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Wednesday evening. The framework is ready on this page: Q4 EPS threshold $0.84[FMP], CapEx threshold "below $817.9M"[Liu Xia]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This WEC (WEC) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.