With a market cap of around $30 billion, WEC Energy Group, Inc. (WEC) is a diversified energy holding company providing regulated natural gas and electricity services across the United States. The Milwaukee, Wisconsin-based company generates electricity from coal, natural gas, oil, nuclear, and renewable sources like wind, solar, hydroelectric, and biomass.
Companies valued at $10 billion or more are generally considered “large-cap” stocks and WEC Energy Group fits this criterion perfectly, exceeding the mark. It operates an extensive infrastructure network, including over 35,000 miles of electric distribution lines, 46,000 miles of natural gas mains, and underground gas storage facilities with 69.3 billion cubic feet of capacity.
