WEC Energy Group Surges to 213th in Daily Rankings with $440 Million Turnover

Generated by AI AgentAinvest Volume Radar
Thursday, Jun 5, 2025 7:40 pm ET1min read

On June 5, 2025,

(WEC) experienced a significant increase in trading volume, with a turnover of $440 million, marking a 166.3% rise from the previous day. This surge placed at the 213th position in the daily stock market rankings. However, the stock price declined by 0.89%, marking the second consecutive day of losses, with a total decrease of 2.40% over the past two days.

WEC Energy Group announced a private offering of $700 million in convertible senior notes due in 2028. These notes are senior, unsecured obligations of WEC Energy Group and will be offered to qualified institutional buyers. The proceeds from this offering will be used for general corporate purposes, including the repayment of short-term debt. Additionally, the company plans to grant the initial purchasers an option to buy up to an additional $105 million of the convertible notes. The final terms of the convertible notes, including the initial conversion price and interest rate, will be announced at the time of pricing.

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