MGE Energy (MGEE) vs. LNT and IDA: Can Rising Dividends and a 22% Valuation Discount Drive a Re-Rating?

Is MGEE a good stock to buy? We came across a bullish thesis on MGE Energy, Inc. on Quality At A Fair Price’s Substack by Longacres Finance. The thesis was published on August 25^th, when the stock was trading at $79.01, and MGEE has lost 6.03% since then. The weakness may reflect investor uncertainty over how quickly its spending on new projects will translate into higher earnings, leaving the case for a recovery dependent on execution. In this article, we will summarize the bulls’...