WEC - WEC Energy Is 'Leader Of The Pack' With Strong Prospect In Wisconsin Analyst Says | Benzinga
RBC Capital Markets analyst Shelby Tucker initiated coverage of WEC Energy Group Inc (NYSE: WEC) with a Sector Perform rating with a price target of $95.
The analyst thinks the growth opportunities in Wisconsin remain attractive, led by the push for electrification and decarbonization.
Tucker expects Microsoft Corp's (NASDAQ: MSFT) investment in data centers in Wisconsin to offer incremental investment opportunities for WEC over the medium term.
Notably, the analyst expects MSFT's investment to boost WEC's capital expenditure, with other additional growth investments in the next capital plan to drive ...