Justin Paget
WEC Vitality (NYSE:WEC) -0.8% in Monday’s buying and selling after reaffirming its FY 2023 earnings steerage of $4.58-$4.62/share however lowering Q1 EPS guidance to $1.56-$1.58 from its earlier outlook for $1.68-$1.72, and under $1.72 analyst consensus estimate, citing one of many warmest winters in historical past within the Higher Midwest.
In presentation slides, the corporate stated each full-year and quarterly steerage assumes no important unfavourable web influence associated to property injury from the current wind storm on the Samson I Photo voltaic Vitality Middle.
In January, WEC (WEC) bought an 80% possession curiosity within the 250 MW Samson I photo voltaic mission situated in northeast Texas.
WEC Vitality (WEC) affords “extremely steady money flows over time resulting from the truth that its product is a necessity for contemporary life,” Energy Hedge writes in an analysis published recently on Seeking Alpha.