Mizuho Lifts WEC Energy Price Target to $121 on 8% EPS Gain
Mizuho raised its WEC Energy price target to $121 from $117 after 2025 full-year EPS of $5.27 beat estimates by $0.02 and grew 8% year-on-year. The company set 2026 EPS guidance at $5.51–$5.61 and forecast a 6.5%–7% CAGR this year with 7%–8% longer-term growth.
1. Mizuho Increases Price Target to $121
Mizuho raised its price target on WEC Energy Group to $121 from $117, maintaining an Outperform rating based on confidence in the company's operational momentum and growth outlook.
2. Full-Year 2025 Earnings Beat Estimates
WEC Energy reported full-year 2025 adjusted EPS of $5.27, surpassing consensus by $0.02 and marking an 8% increase over 2024. Fourth-quarter net income reached $316.6 million, or $0.97 per share, down from $453.5 million, or $1.43 per share, a year earlier.
3. Strong 2026 Guidance and Growth Forecasts
The company set 2026 EPS guidance at $5.51 to $5.61 and projected a compound annual growth rate of 6.5%–7% for the year, with longer-term growth expected at 7%–8% off the midpoint.
4. Scotiabank Reaffirms Outperform Rating
Scotiabank reiterated its Sector Outperform rating and $140 price target on WEC Energy, citing robust demand from data centers, the utility's consistent record of exceeding guidance midpoints for 22 consecutive years, and solid long-term growth prospects.