WEC Energy Group: These Are The 5 Big Challenges Driving Our ‘Underperform’ Rating!

WEC Energy Group’s third-quarter 2024 performance reflects a mixed bag of both achievements and challenges. The company reported adjusted earnings of $0.82 per share, excluding a $0.06 charge due to a disallowance of certain 2016 capital expenditures. This result, albeit a decrease of $0.18 per share compared to the previous year, was slightly above their guidance range, assisted by favorable weather conditions, financing, and tax items timing. The company retained its full-year adjusted earnings guidance of $4.80 to $4.90 per share, signifying confidence in meeting its financial targets despite this year’s weather challenges.