2023-03-27 11:47:17 ET
WEC Energy ( NYSE: WEC ) -0.8% in Monday's trading after reaffirming its FY 2023 earnings guidance of $4.58-$4.62/share but lowering Q1 EPS guidance to $1.56-$1.58 from its previous outlook for $1.68-$1.72, and below $1.72 analyst consensus estimate, citing one of the warmest winters in history in the Upper Midwest.
In presentation slides , the company said both full-year and quarterly guidance assumes no significant negative net impact related to property damage from the recent wind storm at the Samson I Solar Energy Center.
In January , WEC ( WEC ) purchased an 80% ownership interest in the 250 MW Samson I solar project located in northeast Texas.
WEC Energy ( WEC ) offers "incredibly stable cash flows over time due to the fact that its product is a necessity for modern life," Power Hedge writes in an analysis published recently on Seeking Alpha .
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WEC Energy cuts Q1 earnings guidance on warmer than expected weather