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Evergy EVRG - News Analyzed: 3,768 - Last Week: 97 - Last Month: 485

↑ Evergy (EVRG) Sees Investment and Growth as it Plans Significant Natural Gas Power Expansion

Evergy (EVRG) Sees Investment and Growth as it Plans Significant Natural Gas Power Expansion
Pathway Financial Advisers LLC has acquired 2,502,493 shares of Evergy, Inc.. Following this, Evergy has announced constructing two new 705 MW high-efficiency natural gas plants, generating analyst’s bullishness given its potential for earnings growth and 5.72% upside. Notably, significant shares have been acquired by Assenagon Asset Management S.A. and Exchange Traded Concepts LLC. Evergy also revealed its plan for two more 705 MW natural gas power plants in Kansas. In other news, Evergy experienced a slowdown in returns on capital. On the board level, two new appointments have been made. Despite this, the company shows promise in driving regional growth through strategic collaborations. It's been dominated 86% by institutional owners, and Barclays has adjusted its price target for Evergy from $67 to $65. Sanctuary Advisors LLC brought about a new investment of $851,000 in Evergy. Based on Zacks Research, a negative estimate for Evergy's Q3 earnings is forecasted. Nevertheless, this year Investors who invested a year ago in Evergy are up 32%, showcasing its profitability compared to other utility stocks.

Evergy EVRG News Analytics from Fri, 08 Mar 2024 08:00:00 GMT to Sat, 26 Oct 2024 15:08:49 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor 1

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