MGE Energy, Inc. (MGEE)
NASDAQ: MGEE · Real-Time Price · USD
73.65
-1.00 (-1.34%)
At close: May 8, 2026, 4:00 PM EDT
73.60
-0.05 (-0.07%)
After-hours: May 8, 2026, 7:10 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 $80.5, which forecasts a 9.30% increase in the stock price over the next year. The lowest target is $78 and the highest is $83.
Price Target: $80.5 (+9.30%)
Analyst Consensus: Sell
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
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Sell Maintains $79 → $78 | Sell | Maintains | $79 → $78 | +5.91% | Apr 21, 2026 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $74 → $73 | Sell | Maintains | $74 → $73 | -0.88% | Feb 2, 2026 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $76 → $75 | Sell | Maintains | $76 → $75 | +1.83% | Sep 25, 2025 |
| Ladenburg Thalmann | Ladenburg Thalmann | Strong Sell → Hold Upgrades $69 → $83 | Strong Sell → Hold | Upgrades | $69 → $83 | +12.70% | Sep 11, 2025 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $75 → $74 | Sell | Maintains | $75 → $74 | +0.48% | May 22, 2025 |
Financial Forecast
Revenue This Year
795.59M
from 726.65M
Increased by 9.49%
Revenue Next Year
832.31M
from 795.59M
Increased by 4.62%
EPS This Year
4.02
from 3.72
Increased by 8.05%
EPS Next Year
4.28
from 4.02
Increased by 6.60%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 819.0M | 856.8M | |||
| Avg | 795.6M | 832.3M | |||
| Low | 764.4M | 799.7M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 12.7% | 7.7% | |||
| Avg | 9.5% | 4.6% | |||
| Low | 5.2% | 0.5% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 4.14 | 4.41 | |||
| Avg | 4.02 | 4.28 | |||
| Low | 3.86 | 4.12 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 11.2% | 9.7% | |||
| Avg | 8.0% | 6.6% | |||
| Low | 3.8% | 2.4% |
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 sources.