.August 12, 2024 6:48 PM

Goldman Sachs analysts have maintained a Neutral rating for WEC Energy Group stock with a $90 price target. They are cautiously optimistic about potential capital expenditure increases in the I-94 corridor following the company’s second-quarter 2024 results. However, concerns linger over near-term growth prospects due to anticipated load growth not occurring until 2026-2028. WEC’s exposure to a challenging regulatory environment in Illinois, with less favorable decisions from the Illinois Commerce Commission, is also a factor. The unchanged price target suggests an expected total return of around 5%.