With a market cap of around $31 billion, WEC Energy Group, Inc. (WEC) is a diversified energy company providing regulated natural gas and electricity, as well as renewable energy services across the United States. The Milwaukee, Wisconsin-based company operates extensive infrastructure, including power generation from diverse energy sources and natural gas distribution.
Shares of the electricity and natural gas provider have underperformed the broader market over the past 52 weeks. WEC stock has risen 20.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 30.4%. In 2024, shares of WEC are up 16.4%, compared to SPX's 23.1% gain on a YTD basis.
