Across numerous reports,
Evergy (EVRG) has remained a popular utility stock due to strong demand and respectable returns of 39% over the past year. Major investments have been made by various institutions, including Trilogy Capital Inc. and SG Americas Securities LLC. However, concerns have been raised about
EVRG's debt load and unattractive return trends. Despite this, Evergy's stock has largely outperformed other utility stocks and continues to draw attention from billionaire Steve Cohen and other notable investors. The utility has been making strategic moves including the appointment of two new board members and plans to construct two new natural gas plants. The firm has lowered its price target, which has raised some concern, and there are suggestions for better protection through options. The company has also reported substantial Q3 earnings, boosting its dividend, while executive changes have been announced, with some suggesting hesitancy on future prospects.
Evergy has also proposed cutting its renewable energy additions while advocating for more natural gas. A unanimous settlement has been reached over a Kansas rate case, and the firm is planning a second electric substation near an EV plant.
Evergy EVRG News Analytics from Thu, 24 May 2018 07:00:00 GMT to Sat, 08 Feb 2025 14:16:43 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor 2
