Assessing WEC Energy Group (WEC) Valuation After Recent Share Price Momentum And Long Term Return Trends

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WEC Energy Group (WEC) has seen recent share price momentum, with its stock showing significant returns over the past month, year-to-date, and longer terms. The company is currently trading at $115.80, which is considered modestly undervalued by analysts with a fair value of $121.74, driven by projected earnings growth and investments in infrastructure. While it offers potential upside, investors should also consider risks related to its US$28 billion capital expenditure plan and regulatory approvals, as its P/E ratio is higher than industry peers.

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