Evergy (EVRG) has seen a considerable growth, touching a new 12-month high and leading to a return of 39% for its investors over the past year. The upsurge in its shares seems to be fueled by the
rising energy demand in the Midwest. Various financial institutions and trust companies such as Kentucky Trust Co, Sumitomo Mitsui, Pathway Financial Advisers, and others have
invested or increased their positions in EVRG. Despite its recent highs, Wall Street's stance on Evergy's future remains divided. Major contributor to the variability includes speculations around an expected 10% increment in electric bills for Wichita residents due to a new rate case by Evergy. Meanwhile, the company aims to reveal the future of its
clean energy strategy in the impending Q4 results conference call. In other news, its
stock hit a 52-week high of $66.26, attributed to robust growth and positive sentiment surrounding
natural gas plants. However, some financial groups have reduced their holdings, potentially anticipating market fluctuations.
Evergy EVRG News Analytics from Mon, 08 May 2023 07:00:00 GMT to Sat, 15 Feb 2025 01:41:38 GMT -
Rating 7
- Innovation -4
- Information 8
- Rumor -2
