Fair ValuationThe stock is trading at a 5-6% premium to peers, suggesting it may be fairly valued at current levels.
Market PerceptionThe neutral thesis reflects a view that WEC appears fairly valued at current levels, with growth expectations for high-quality peers now in line with WEC.
ValuationWEC shares are currently trading at a 5-6% premium compared to peers, which may limit further valuation growth despite strong execution and regulatory successes.