Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for MGE Energy Inc (NASDAQ: MGEE) improved in recent days. MGEE’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
MGE Energy Inc (NASDAQ: MGEE) stock declined slightly by -0.04% on 5/20/24. The stock closed at $81.38. However, trading volume in this decline was exceptionally low at 24% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
MGEE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
MGE Energy has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MGE Energy has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 53, and the Low Neutral Value Trend Rating results.
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