MGE Energy Inc. (NASDAQ: MGEE ) is among them Stock Kings List: Top 15 Stocks.
On February 20, Morgan Stanley announced that MGE Energy, Inc. (NASDAQ: MGEE ) raised its price target from $73 to $77. The company said it is updating price targets for its group of regulated and diversified utilities and IPPs in North America for January. In a research note to investors, analysts added that utilities underperformed the S&P during the month. Looking ahead to Q4 earnings, Morgan Stanley expects the debate around data center pipelines to show more balance. The company cited growing concerns about affordability and the political environment.
MGE Energy reported full-year 2025 earnings of $135.9 million, or $3.72 per share. That compares to $120.6 million, or $3.33 per share, in the same period last year. For the fourth quarter of 2025, the company reported earnings of $23.3 million, or $0.64 per share. In the prior-year quarter, earnings were $22.0 million, or $0.61 per share.
Results in the power segment improved during the year. The revenue of this segment increased to 11.3 million USD in 2025 compared to 2024. This increase was largely due to the implementation of several renewable energy projects. The Darren solar project in Rock and Walworth counties is slated to begin operations in March 2025. A few months later, in June, Paris’ battery energy storage system also went online. MGE has 25 MW of solar capacity from the Darien Solar Project and 11 MW of battery capacity from the Paris BESS.
The gas segment also posted higher earnings. The segment’s revenue increased by $2.5 million in 2025 compared to the previous year. During 2025, the supply of gas retail heating has grown by about 14% compared to the previous year. The company said the increase was largely due to warmer-than-normal weather conditions in 2024.
MGE Energy Inc. (NASDAQ: MGEE ) operates as a public utility company. These segments include regulated electric utility operations, regulated gas utility operations, unregulated energy operations, transmission investments and other activities.
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