Evergy (EVRG), despite some struggles in meeting
earnings expectations, continues to be of interest to investors. Revenues have demonstrated an
upward trend, year over year, yet Evergy's Q1 2024 earnings
lagged estimates. However, the price target for the company's stock has been raised multiple times, signposting potential for growth. Analysts have an average rating of
Moderate Buy. Institutional investors hold a substantial 85% stake in Evergy, although there has been some selling activity by advisors and banks. Evergy's strategic
acquisitions and investments, alongside upcoming ventures, are expected to pay off, despite Evergy shares seeing a
loss in the past year. Concerns have been expressed over Evergy's reported debt, and adjusted EPS has seen a drop. The company is working on
increasing customer demand and focusing on
expanding sustainability. However, Kansas regulators have approved an
electric rate hike for Evergy which may impact customer opinion. Overall, Evergy's status in 2024 appears to be a mix of challenges and opportunities.
Evergy EVRG News Analytics from Mon, 03 May 2021 07:00:00 GMT to Sat, 18 May 2024 20:24:45 GMT -
Rating 0
- Innovation -5
- Information 5
- Rumor -4
