Evergy (EVRG), a dominant utility company, is experiencing a period of significant bullish activity alongside robust growth, which has resulted in recent 52-week high records in the region of $69.99. This has been driven by enormous strategic investments and renewable energy expansion, as well as a considerable
$17.5 billion investment plan. With around
89% of the company's shares held by institutional owners, the company continues to attract large-scale market confidence. This confidence has further been boosted by strong financial performance, as reported in their Q4 2024 earnings call, despite earnings lagging slightly behind estimations. A key area which has benefited from this growth includes new data centers. However, the stock remains somewhat undervalued given its health – a state confirmed by Evergy's relatively strong
ROE numbers, around 8.6-8.9%. Efforts have been made to address its substantial debt load and an exit strategy is already in place. The stock is also considered quite defensive with a reliable
yield of around 3.9-4%, though growth efforts like substantial renewable expansion and investment into developing two new
705 MW high-efficiency natural gas plants continue. Various organisations, such as
Jefferies and Citi, have raised target prices, predicting Evergy's ongoing confidence from investors.
Evergy EVRG News Analytics from Wed, 01 May 2024 07:00:00 GMT to Fri, 04 Apr 2025 12:04:00 GMT -
Rating +8
- Innovation +3
- Information +7
- Rumor -2
