MGE Energy Inc (NASDAQ: MGEE) stock enjoyed a major increase of 19.2% on 3/4/24. The shares closed at $75.33. Moreover, this advance was accompanied by exceptionally high trading volume at 621% of normal. Relative to the market the stock has been weak over the last nine months but has risen 16.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MGEE is expected to continue to be a Value Builder.
MGE Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MGE Energy has a neutral Appreciation Score of 42 and a neutral Power Rating of 40, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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