Northwestern (NWE) has disclosed a new risk, in the Costs category.
Northwestern faces a notable business risk concerning its insurance coverage. The company’s ability to secure insurance could be hindered by broader industry issues and the financial viability of insurers, potentially leading to higher costs or loss of coverage. Existing policies may not cover or may prove inadequate against significant liabilities, such as those stemming from environmental events or cybersecurity incidents. Consequently, an uninsured or underinsured loss could materially impair Northwestern’s financial outcomes.
The average NWE stock price target is $50.80, implying 3.25% upside potential.
To learn more about Northwestern’s risk factors, click here.
