MGE Energy Inc (NASDAQ: MGEE) has recently enjoyed extremely important positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MGEE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
MGE Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MGE Energy has a neutral Power Rating of 41 and a slightly negative Appreciation Score of 34, and the Negative Value Trend Rating results.
Recent Price Action
MGE Energy Inc (NASDAQ: MGEE) stock increased 1.2% on 3/8/24. The shares closed at $80.87. Moreover, this advance was accompanied by unusually high trading volume at 188% of normal. The stock has risen 28.0% during the last week but has been weak relative to the market over the last nine months.
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