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WEC Energy Group
WEC · NYSEUtilities
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Fuel &resourcesgas, nuclear, renewables,…Transmissiongridthe high-voltage highwayDistribution &gasthe last-mile wires & mai…Demandwho pays — and the AI loadGASNatural gas supplyRENWind, solar & battery developersEQTurbines, transformers & contractorsCAPCapital & investorsATCAmerican Transmission CoWECWEC Energy GroupWEWe EnergiesWPSWisconsin Public ServicePGPeoples Gas / North Shore Gas···Homes & businessesMSFTMicrosoftVDCVantage Data CentersREGRegulators & advocates
Company details
Market cap
~$35B
P/E ratio
~21×
Div yield
~3.4%
EPS (adj. 2025)
$5.27
Profit margin
~16%
Rev. growth
+14%
Revenue
$9.8B
Capital plan
$37.5B
In plain English
A Milwaukee-based regulated electric-and-gas utility serving ~4.8M customers across Wisconsin, Illinois, Michigan and Minnesota through We Energies, Wisconsin Public Service and the Peoples Gas / North Shore Gas units. A pure regulated wires-and-mains business buying gas and renewables, delivering power and heat at state-approved rates — now running a $37.5B capital plan to wire up a wave of Microsoft and Vantage data centres in southeastern Wisconsin.
In simple terms
What WEC Energy Group really sells
A Milwaukee-based regulated electric-and-gas utility serving ~4.8M customers across Wisconsin, Illinois, Michigan and Minnesota through We Energies, Wisconsin Public Service and the Peoples Gas / North Shore Gas units. A pure regulated wires-and-mains business buying gas and renewables, delivering power and heat at state-approved rates — now running a $37.5B capital plan to wire up a wave of Microsoft and Vantage data centres in southeastern Wisconsin.
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Risk read
Low–moderate
SteadierMore speculative
Why this rating?