Evergy, Inc. (NASDAQ:EVRG) has been in the limelight with multiple updates that could impact its stock price. Analysts have indicated that it may be trading at a significant discount, while institutions have generously increased their stake in the utility giant, for instance, Oppenheimer Asset Management Inc. bought 35,400 shares, and Inspire Advisors LLC purchased 32,523 shares. The company has managed to draw attention due to its strategic acquisitions and remarkable Q2 earnings performance. It's significant to note that Wall Street forecasters have revamped Evergy's price expectations ahead of Q2 earnings. Recently, Evergy welcomed
W. Bryan Buckler as its new CFO which marked a crucial transition. In another development, the firm has extended its demand growth forecast based on data centre deals. There has been a surge in its ownership with institutions owning 86% of the company's shares. On a slightly negative note, some investors sustained losses of 9% from investments made a year ago. However, Jim Cramer endorsed Evergy, calling it one of the top utility stocks to consider. Evergy has reaffirmed its future guidance, including its commitment towards maintaining reliability, advancing sustainability, and meeting growing electricity demand. The key drivers of this growth strategy included heavy infrastructure investments around the grid modernization.
Evergy EVRG News Analytics from Mon, 09 Nov 2020 08:00:00 GMT to Sun, 15 Sep 2024 14:54:22 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -6
