WEC Energy Group had its Relative Strength (RS) Rating upgraded from 68 to 71 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of at least 80 as they launch their largest runs. See if WEC Energy Group can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a base and break out.
Earnings growth rose last quarter from -27% to -24%, but the top line fell from -3% to -5%.
WEC Energy Group holds the No. 12 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and PG&E are among the top 5 highly rated stocks within the group.
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