
Sep 20, 2026
MGE Energy (NASDAQ:MGEE) Rating Lowered to "Sell" at Wall Street Zen
Wall Street Zen downgraded MGE Energy (NASDAQ:MGEE) from a "hold" to a "sell" rating, despite a consensus "Hold" rating from other analysts and an average price target of $76. The company's shares opened down 1.2% at $74.08, trading near the lower end of its 12-month range. Although MGE Energy exceeded quarterly earnings expectations, its revenue of $161.19 million missed estimates.
Company relevance
100.00%
Company sentiment
Somewhat-Bearish
Overall sentiment
Somewhat-Bearish