Why WEC Energy Group Stock Gained 12% in August
WEC Energy Group (NYSE: WEC) stock well outperformed the market last month, rising 12% even as the S&P 500 declined 2%, according to S&P Global Market Intelligence. The energy specialist is up 33% so far in 2019.
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August's rally came following a generally strong second-quarter earnings report from the Midwestern utility company. Despite unusually mild weather compared to the prior-year period, WEC Energy managed to maintain nearly flat sales as operating income slipped to $315 million from $331 million. Net income ticked higher thanks to lower tax expenses.
Source Fool.com