WEC Energy Rides on Strategic Investments & Focus on Clean Energy
WEC Energy Group’s WEC strategic investments strengthen infrastructure and allow it to meet increasing demand from customers. The company’s focus on clean energy further drives its performance.
However, this currently Zacks Rank #3 (Hold) company faces risks related to increased competition in the electric and natural gas markets.
Factors Acting in Favor of WEC
WEC Energy is gaining on the back of improving demand from large and small commercial and industrial (C&I) customers, as well as that from the residential space. On average, more than 60% of the company’s electricity is sold to the C&I group. Hence, the improving demand from this group…
