Early this year, SJE celebrated the accomplishment of an ambitious goal: to reach a $100 share price by 2020. Reaching the goal, set in 2013, meant growing the company by at least 8% each year.
“In my first year at SJE, I had asked dozens of employees where they thought the stock price could get to in 5 years,” says President and CEO Dave Thomas said. “Most responses were $40-$45 per share. I think one person said $50. So to throw out $100 was a big leap to make.”