Evergy (EVRG) has been in a period of financial transition especially about the transition of CFO Kirk Andrews who resigned to join Consolidated Edison. Various companies including
Novak & Powell Financial and
Cohen & Steers have altered their
stake in the firm, but both purchases and sales made by entities such as
Public Employees Retirement Association of Colorado and
Allianz Asset Management respectively. The company recorded below expectation outcomes for its Q1 2024 earnings, and analysts rate Evergy stock an average of 'Moderate Buy'. Additionally, even while Evergy's
intrinsic value is seen to be potentially 78% above its share price, some investors are at a loss if they invested in the past years. Notably, in terms of acquisitions, Evergy continues to benefit from strategic investments and has paid $60M for an interest in a natural gas power plant. The firm is also undergoing regulatory processes, such as a recently approved rate hike by Kansas regulators. In future business plans, relevance to clean energy investments is encouraged by EVRG's CEO due to growing demand.
Evergy EVRG News Analytics from Fri, 29 Sep 2023 07:00:00 GMT to Sat, 15 Jun 2024 12:03:56 GMT -
Rating -3
- Innovation -2
- Information 6
- Rumor -1
