WEC Energy Group Upsizes Convertible Notes Offering

The latest update is out from WEC Energy Group ( (WEC) ).

On June 5, 2025, WEC Energy Group announced the upsize and pricing of a $775 million offering of 3.375% Convertible Senior Notes due 2028, increased from the initially planned $700 million. This private offering to qualified institutional buyers includes an option for initial purchasers to buy an additional $125 million in notes. The proceeds are intended for general corporate purposes, including repaying short-term debt, potentially impacting the company’s financial flexibility and market position.

The most recent analyst rating on (WEC) stock is a Hold with a $97.00 price target. To see the full list of analyst forecasts on WEC Energy Group stock, see the WEC Stock Forecast page.

Spark’s Take on WEC Stock

According to Spark, TipRanks’ AI Analyst, WEC is a Outperform.

WEC Energy Group’s strong financial performance and positive earnings call are the most significant contributors to the overall score. The sound financial position and strategic growth initiatives, particularly in renewable energy, provide a positive outlook. Technical indicators suggest stability, while valuation metrics indicate the stock is fairly valued.

To see Spark’s full report on WEC stock, click here.

More about WEC Energy Group

WEC Energy Group, based in Milwaukee, is an energy company serving 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota. Its principal utilities include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources. Additionally, We Power, a major subsidiary, designs, builds, and owns electric generating plants, while WEC Infrastructure LLC owns renewable generation facilities in several states.

Average Trading Volume: 2,333,075

Technical Sentiment Signal: Buy

Current Market Cap: $33.74B

For an in-depth examination of WEC stock, go to TipRanks’ Stock Analysis page.