MGEE
MGE Energy, Inc.
MGEE
68.49USD
-3.34%
Sep 25, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $2.8B
- Avg Volume (60D)
- 167.7K
- Revenue Growth YoY
- +7.1%
- Gross Margin
- +41.2%
- Operating Margin
- +22.0%
- Free Cash Flow Yield
- -7.4%
- Distance from 200DMA
- -11.8%
- Next Earnings
- 2026-11-04
- P/E
- 18.2x
- EV / EBITDA
- 12.9x
- EV / Sales
- 4.8x
60 sessions
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 24, 2026
Fundamentals & Valuation
Both valuation perspectives agree this company is expensive.
MGE Energy, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at 12.9x EBITDA and 4.8x revenue, which require sustained delivery to be justified.
Company Research
Thesis
Regulated local electric-and-gas utility and transmission investor serving the Madison, Wisconsin area; MGEE's utility subsidiary must plan, procure, rate-base and operate generation, distribution and transmission capacity as regional electricity demand and large-load requirements evolve.
Opportunity
Moderate opportunity
Utility and large-load spending on substations, distribution upgrades and electrical capacity additions.
Key risk
Regulatory changes impacting rates or operations.
Narrative & Theme
Electric Grid Capacity Expansion
Part of Distribution Equipment and Grid Control, with moderate fit.
MGEE is not a supplier of grid equipment like the companies listed in the active theme, but it is a credible adjacent beneficiary of the same large-load/grid-capacity demand driver: regulated utility investment required to serve new high-demand customers and maintain reliability.
Narrative HeatHot9.1 / 10
Theme HeatHot8.9 / 10
Business & Markets
Utilities · Utilities - Regulated Electric
What they do
MGE Energy, Inc. operates as a public utility holding company through subsidiaries that generate, purchase, and distribute electricity and natural gas, and manage electric transmission facilities in the United States.
How it earns
The company generates revenue primarily through regulated utility operations involving the sale and distribution of electricity and natural gas.
Products & services
Electricity generation and distribution
Natural gas purchase and distribution
Electric transmission services
Customers & end markets
Residential customers
Commercial and industrial customers
Market position
MGE Energy operates as a regional regulated utility with a stable market position in its service area.
Demand drivers
Low cyclicality
Utility demand and revenues are generally stable and regulated, reducing exposure to economic cycles.