WEC Energy dips on planned $700 mln convertible debt deal

ReutersJun 5, 2025 11:43 AM

View all comments（0）



Shares of utility co WEC Energy Group WEC.N down 0.7% premarket to $104.96 as it seeks to raise capital

Milwaukee, Wisconsin-based firm offering privately $700 mln 3-yr convertible bonds

It plans to use net proceeds for general purposes, including repayment of short-term debt

With ~319.1 mln shares outstanding, co has $33.7 bln market cap, per LSEG

WEC shares on Weds closed down 1.5% at $105.73

YTD, stock up 12% and outperforming S&P 500 Utilities index's .SPLRCU 6% advance

6 of 18 analysts rate stock "strong buy" or "buy", rest rate "hold" and median PT is $109.25, according to most recent LSEG data

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

April 2026 CPI Preview: Will Hot Inflation Crush Nasdaq, S&P 500 & NVDA? Explosive Market Reaction Guide

TradingKey - March 2026 CPI numbers came in very strong, delivering a hefty inflation blow in the aftermath of the US-Iran conflict. The headline measure shot up to +3.3% year-over-year – the best since May 2024 – on an energy shock that pushed gasoline prices up 18.9% YoY. Month-over-month, headlin

Kospi Plunges Over 5% After Nearing 8,000 Points as South Korean Top Official Proposes ‘AI Profit Redistribution’

Tradingkey - During the early trading session on May 12, the KOSPI Index briefly touched the 8,000-point mark at the open before plunging more than 5% to a low of 7,421.71 points. As of press time, the index remains down 1.24% at 7,725.33 points. Samsung Electronics and SK Hynix, which together account for nearly half of the KOSPI's total market capitalization, were the primary drivers of this flash crash. Currently, SK Hynix is down 3.62% at 1.144 million KRW, while Samsung Electronics has fallen 2.28% to 279,000 KRW.

Copper Prices Near All-Time Highs. Citi: If Strait of Hormuz Is Unblocked, Price Will Rise to $15,000 by Year-End

TradingKey - Despite the ongoing US-Iran war and the continued closure of the Strait of Hormuz, copper prices maintain a solid floor. This Monday, LME (London Metal Exchange) three-month copper reached $13,637 per tonne at one point, marking its highest level since January 29. On the same day, LME three-month copper recorded a peak closing price of $13,952/tonne, with intraday prices briefly rising above $14,500/tonne.

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

U.S. April CPI Preview: Fed May Abandon Rate Cuts Until 2026?

TradingKey - The U.S. Bureau of Labor Statistics will release the April CPI report on May 12 at 8:30 a.m. ET. Since the outbreak of the U.S.-Iran conflict in late February, the global energy market has experienced the most severe geopolitical supply shock in history. As the conflict enters its third month, traffic through the Strait of Hormuz remains significantly below pre-war levels, with approximately 20% of the world's oil transit routes still facing "interruption." This inflation report will serve as a critical validation window for the transmission effects of oil prices.

Featured Tools