Published on 18 Mar 2024 on Simply Wall St. via Yahoo Finance
MGE Energy (NASDAQ:MGEE) sheds 5.1% this week, as yearly returns fall more in line with earnings...
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to see it rise more than the market average. Unfortunately for shareholders, while the MGE Energy, Inc. (NASDAQ:MGEE) share price is up 14% in the last five years, that's less than the market return. The last year has been disappointing, with the stock price down 3.6% in that time.
In light of the stock dropping 5.1% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.
View our latest analysis for MGE Energy