$74.08
1.23%
Nasdaq, Sep 18, 04:03 pm EDT. Closed.
ISIN
US55277P1049
Symbol
MGEE

MGE Energy, Inc. Target price 2026 - Analyst rating & recommendation

MGE Energy, Inc. Classifications & Recommendation

Buy
13%
Hold
38%
Sell
50%

MGE Energy, Inc. Price Target

Target Price $80.58
Price $74.08
Potential
Number of Estimates 5
5 Analysts have issued a price target MGE Energy, Inc. 2027 . The average MGE Energy, Inc. target price is $80.58. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 8 analysts: 1 Analysts recommend MGE Energy, Inc. to buy, 3 to hold and 4 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the MGE Energy, Inc. stock has an average upside potential 2027 of . Most analysts recommend the MGE Energy, Inc. stock at Sale.

Sales and Margin forecast 2026, 2027 to 2031

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Quarter Annually
Dec '25 2026
Estimates
Revenue Million $ 743.65 788.16
9.85% 5.99%
EBITDA Margin 38.32% 37.29%
1.80% 2.69%
Net Margin 18.27% 19.25%
2.60% 5.34%

5 Analysts have issued a sales forecast MGE Energy, Inc. 2026 . The average MGE Energy, Inc. sales estimate is

$788m
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. This is
2.47% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$826m 7.46%
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, the lowest is
$732m 4.82%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $744m 9.85%
2026
$788m 5.99%
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2027
$830m 5.33%
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2028
$889m 7.13%
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2029
$929m 4.47%
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2030
$968m 4.23%
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2031
$1.1b 11.21%
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5 Analysts have issued an MGE Energy, Inc. EBITDA forecast 2026. The average MGE Energy, Inc. EBITDA estimate is

$294m
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. This is
3.26% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$320m 12.39%
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, the lowest is
$272m 4.36%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 $285m 11.83%
2026
$294m 3.14%
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2027
$335m 13.84%
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2028
$373m 11.61%
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2029
$432m 15.79%
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2030
$458m 5.85%
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2031
$472m 3.17%
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EBITDA Margin

2025 38.32% 1.80%
2026
37.29% 2.69%
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2027
40.31% 8.10%
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2028
41.99% 4.17%
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2029
46.55% 10.86%
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2030
47.27% 1.55%
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2031
43.85% 7.24%
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5 MGE Energy, Inc. Analysts have issued a net profit forecast 2026. The average MGE Energy, Inc. net profit estimate is

$152m
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. This is
1.38% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$158m 5.78%
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, the lowest is
$142m 4.99%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 $136m 12.71%
2026
$152m 11.63%
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2027
$160m 5.33%
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2028
$170m 6.19%
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2029
$179m 5.76%
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2030
$190m 5.66%
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2031
$188m 1.02%
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Net Margin

2025 18.27% 2.60%
2026
19.25% 5.34%
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2027
19.25% 0.00%
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2028
19.08% 0.88%
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2029
19.31% 1.21%
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2030
19.58% 1.40%
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2031
17.43% 10.98%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2031

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share $ 3.72 4.02
11.71% 8.06%
P/E 18.45
EV/Sales 4.72

5 Analysts have issued a MGE Energy, Inc. forecast for earnings per share. The average MGE Energy, Inc. EPS is

$4.02
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. This is
0.75% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$4.19 5.01%
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, the lowest is
$3.76 5.76%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 $3.72 11.71%
2026
$4.02 8.06%
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2027
$4.23 5.22%
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2028
$4.49 6.15%
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2029
$4.75 5.79%
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2030
$5.02 5.68%
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2031
$4.97 1.00%
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P/E ratio

Current 18.57 20.68%
2026
18.45 0.63%
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2027
17.51 5.09%
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2028
16.49 5.83%
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2029
15.60 5.40%
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2030
14.76 5.38%
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2031
14.91 1.02%
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Based on analysts' sales estimates for 2026, the MGE Energy, Inc. stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.83 9.72%
2026
4.72 2.36%
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2027
4.48 5.06%
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2028
4.18 6.66%
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2029
4.00 4.28%
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2030
3.84 4.06%
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2031
3.45 10.08%
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P/S ratio

Current 3.64 15.10%
2026
3.55 2.41%
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2027
3.37 5.06%
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2028
3.15 6.66%
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2029
3.01 4.27%
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2030
2.89 4.06%
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2031
2.60 10.08%
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Current MGE Energy, Inc. Upgrades & Downgrades

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Analyst Rating Action Date
Morgan Stanley
Locked
Locked
Locked Aug 21 2026
Ladenburg Thalmann
Locked
Locked
Locked Jun 08 2026
Morgan Stanley
Locked
Locked
Locked Apr 21 2026
Morgan Stanley
Locked
Locked
Locked Feb 02 2026
Morgan Stanley
Locked
Locked
Locked Sep 25 2025
Ladenburg Thalmann
Locked
Locked
Locked Sep 11 2025
Morgan Stanley
Locked
Locked
Locked May 22 2025
Analyst Rating Date
Locked
Morgan Stanley:
Locked
Locked
Aug 21 2026
Locked
Ladenburg Thalmann:
Locked
Locked
Jun 08 2026
Locked
Morgan Stanley:
Locked
Locked
Apr 21 2026
Locked
Morgan Stanley:
Locked
Locked
Feb 02 2026
Locked
Morgan Stanley:
Locked
Locked
Sep 25 2025
Locked
Ladenburg Thalmann:
Locked
Locked
Sep 11 2025
Locked
Morgan Stanley:
Locked
Locked
May 22 2025

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