MGE Energy, Inc. (MGEE)
NASDAQ: MGEE · Real-Time Price · USD
85.17
-0.74 (-0.86%)
At close: Oct 28, 2025, 4:00 PM EDT
85.26
+0.09 (0.11%)
After-hours: Oct 28, 2025, 4:29 PM EDT

MGE Energy Stock Forecast

Stock Price Forecast

The 2 analysts that cover MGE Energy stock have a consensus rating of "Sell" and an average price target of $79, which forecasts a -7.24% decrease in the stock price over the next year. The lowest target is $75 and the highest is $83.

Price Target: $79 (-7.24%)
Analyst Consensus: Sell
TargetLowAverageMedianHigh
Price$75$79$83$83
Change-11.94%-7.24%-2.55%-2.55%
* Price targets were last updated on Sep 25, 2025.

Analyst Ratings

The average analyst rating for MGE Energy stock is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

RatingMay '25Jun '25Jul '25Aug '25Sep '25Oct '25
Strong Buy000000
Buy000000
Hold000011
Sell111111
Strong Sell000000
Total111122

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Morgan Stanley
Morgan Stanley
Sell
Maintains
$76$75
SellMaintains$76$75-11.94%Sep 25, 2025
Ladenburg Thalmann
Ladenburg Thalmann
Hold
Upgrades
$69$83
HoldUpgrades$69$83-2.55%Sep 11, 2025
Morgan Stanley
Morgan Stanley
Sell
Maintains
$75$74
SellMaintains$75$74-13.11%May 22, 2025
Morgan Stanley
Morgan Stanley
Sell
Maintains
$80$75
SellMaintains$80$75-11.94%Apr 23, 2025
Morgan Stanley
Morgan Stanley
Sell
Maintains
$78$80
SellMaintains$78$80-6.07%Mar 20, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
727.93M
from 659.94M
Increased by 10.30%
Revenue Next Year
751.82M
from 727.93M
Increased by 3.28%
EPS This Year
3.75
from 3.33
Increased by 12.59%
EPS Next Year
4.01
from 3.75
Increased by 6.84%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
524.53M593.08M699.82M673.93M659.94M727.93M751.82M
Revenue Growth
-5.48%13.07%18.00%-3.70%-2.08%10.30%3.28%
EPS
2.602.923.073.253.333.754.01
EPS Growth
3.56%12.52%5.07%5.93%2.45%12.59%6.84%
Forward PE
-----22.7221.26
No. Analysts
-----44
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20252026202720282029
High767.9M795.0M
Avg727.9M751.8M
Low682.1M702.7M

Revenue Growth

Revenue Growth20252026202720282029
High
16.4%
9.2%
Avg
10.3%
3.3%
Low
3.4%
-3.5%

EPS Forecast

EPS20252026202720282029
High3.904.19
Avg3.754.01
Low3.573.79

EPS Growth

EPS Growth20252026202720282029
High
17.0%
11.7%
Avg
12.6%
6.8%
Low
7.2%
1.0%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.