NWE · NASDAQ · STOCK
NorthWestern Energy (NWE) Stock Analysis
$74.11
52W $57.12 – $76.00
54/100
$4.56B
26.6
0.36
Is NWE Bullish or Bearish?
Mixed.
Innellis AI committee rates NorthWestern Energy (NWE) Watch with a composite score of 54/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +6.10 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -13.90 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.4x is a discount to asset value — Value
- Dividend yield of 5.0% pays you to wait — Value
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- P/E of 26.6 is moderate-to-rich — Value
- EPS declining -24.7% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- RSI at 76 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Current ratio of 0.72 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
54/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 41%
of 56 Utilities peers
Value Analyst
bullish
60
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.4x is a discount to asset value
− P/E of 26.6 is moderate-to-rich
Growth Analyst
bearish
40
/ 100 · High confidence
Growth story is weak, decelerating, or inconsistent
− EPS declining -24.7% YoY despite any revenue growth
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− RSI at 76 is in overbought territory
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.72 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 51.8 to 53.9.
- Conviction changed from contested to moderate.
- Committee agreement increased notably from 50% to 67%.
- New bearish signals: 2 appeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Technical Analyst.
Analyst-level changes:
- Technical Analyst: stance neutral->bullish; score 48->61 (+13); +1 bearish signal(s); +2 bullish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
75.5
Overbought
MACD Histogram
0.720
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Mixed
Support
$68.50
Resistance
$75.14
Bollinger %B
1.04
Above Upper Band
Price vs Moving Averages
EMA 9
$71.47
Above
EMA 21
$70.39
Above
EMA 50
$70.25
Above
EMA 200
$68.58
Above
Fundamental Analysis
Valuation
84
Growth
57
Profitability
51
Financial Health
33
Cash Flow
15
Valuation
P/E Ratio
26.6×
P/B Ratio
1.58×
PEG Ratio
-1.11
Dividend Yield
3.60%
52W High
$76.00
52W Low
$57.12
Quality & Growth
ROE
627.5%
ROA
214.1%
Gross Margin
6649.3%
Operating Margin
1884.0%
Revenue Growth YoY
—
Debt / Equity
1.24
AI Fundamental Assessment
P/E ratio of 26.6 (moderate relative to a 15-40x range); Price-to-book of 1.6x; PEG ratio of -1.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 6.3%; Return on assets of 2.1%; Net margin of 10.1%; Gross margin of 66.5%; Current ratio of 0.83 (tight short-term liquidity); Debt-to-equity of 1.24; Free cash flow per share is negative (-3.12); Most recent quarter beat estimates by 13.6%; 2 consecutive earnings beats; EPS growth decelerating (+12.0% -> -61.8% QoQ); Average YoY EPS growth of 25.0%; Analyst estimates falling over recent quarters
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