NWE
NorthWestern Energy Group, Inc. Utilities - Utilities - Regulated Electric Investor Relations →
NorthWestern Energy Group, Inc. (NWE) closed at $68.18 as of 2026-02-02, trading 34.8% above its 200-week moving average of $50.58. The stock moved further from the line this week, up from 34.4% last week. The 14-week RSI sits at 65, indicating neutral momentum.
Over the past 897 weeks of data, NWE has crossed below its 200-week moving average 22 times. On average, these episodes lasted 8 weeks. Historically, investors who bought NWE at the start of these episodes saw an average one-year return of +14.0%.
With a market cap of $4.2 billion, NWE is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 7.6%. The stock trades at 1.4x book value.
Share count has increased 13.4% over three years, indicating dilution.
Over the past 17.2 years, a hypothetical investment of $100 in NWE would have grown to $593, compared to $1052 for the S&P 500. NWE has returned 10.9% annualized vs 14.6% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: NWE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NWE Crosses Below the Line?
Across 22 historical episodes, buying NWE when it crossed below its 200-week moving average produced an average return of +10.5% after 12 months (median +8.0%), compared to +19.8% for the S&P 500 over the same periods. 64% of those episodes were profitable after one year. After 24 months, the average return was +13.2% vs +37.0% for the index.
Each line shows $100 invested at the moment NWE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NWE has crossed below its 200-week MA 22 times with an average 1-year return of +14.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2008 | Jan 2009 | 7 | 15.2% | +35.4% | +586.5% |
| Feb 2009 | Jun 2009 | 18 | 19.1% | +26.0% | +540.9% |
| Feb 2018 | Feb 2018 | 1 | 0.1% | +29.7% | +84.0% |
| Feb 2018 | Mar 2018 | 4 | 2.5% | +40.6% | +87.8% |
| Jun 2018 | Jun 2018 | 1 | 1.0% | +45.9% | +82.4% |
| Mar 2020 | Apr 2020 | 3 | 17.3% | +37.7% | +83.6% |
| Apr 2020 | May 2020 | 5 | 7.3% | +25.5% | +55.9% |
| Jun 2020 | Nov 2020 | 22 | 16.5% | +22.4% | +59.4% |
| Nov 2020 | Feb 2021 | 11 | 5.3% | +1.2% | +51.2% |
| Oct 2021 | Jan 2022 | 15 | 5.4% | -7.7% | +45.5% |
| Feb 2022 | Feb 2022 | 1 | 0.5% | +2.5% | +42.7% |
| Mar 2022 | Mar 2022 | 1 | 1.6% | +2.9% | +43.4% |
| Apr 2022 | May 2022 | 1 | 2.3% | +8.2% | +43.6% |
| Jun 2022 | Jun 2022 | 1 | 6.4% | +12.6% | +49.1% |
| Jul 2022 | Nov 2022 | 20 | 13.9% | +3.8% | +41.6% |
| Dec 2022 | Dec 2022 | 1 | 1.0% | -6.2% | +40.3% |
| Jan 2023 | Jan 2023 | 1 | 1.7% | -10.7% | +41.4% |
| Feb 2023 | Feb 2023 | 1 | 0.1% | -12.3% | +39.3% |
| Mar 2023 | Mar 2023 | 3 | 1.2% | -7.1% | +40.9% |
| Jul 2023 | May 2024 | 40 | 12.9% | +4.5% | +41.7% |
| May 2024 | Jul 2024 | 7 | 4.1% | +13.2% | +45.3% |
| Dec 2024 | Dec 2024 | 1 | 1.0% | +39.9% | +41.9% |
| Average | 8 | — | +14.0% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02