EVRG

Evergy, Inc.
UtilitiesUtilities - Regulated ElectricNASDAQ
$82.04
-$1.58 (-1.92%)today
Conviction
5/ 10
Fair Value$88.05
Upside+7.32%
Signal3.66
Market Cap$19.2B
52W Range$61.94–$85.23
Next EarningsMay 7

Conviction History

Conviction Changes

Mar 18, 2026, 5:06 AM75conviction-rescore
Mar 15, 2026, 5:07 AM67sec-read
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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 96% valid
Fair Value$36.28
Current Price$80.85
Upside / Down-55.1%
P(Undervalued)3.6%
P(20%+ Up)0.8%
P(15%+ Down)91.2%

Fair Value Distribution — percentile bands

3.6% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

10.7%/yr

±5.0% · revenue growth to justify current price

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Bull Case

No analysis yet

Bear Case

No analysis yet

Research Feed

sec_10kMar 17
Conviction: unchanged
EVRG FY2025 10-K: LLPS Framework Operational, 4 Large Customers Signed, Thesis Intact

LLPS now operational with 4 large customers signed. Bull case validated. 2026 +10.7% EPS growth credible. Bear case risk: capex execution, debt levels, interest coverage. Holding 7/10 conviction—prove...

sec_10kMar 16
Conviction: unchanged
EVRG FY2025 10-K Deep Read: 1,900MW ESA Pipeline Signed, .6B Capex Plan, But Debt Load Accelerating

FY2025 10-K confirms thesis: LLPS approved (KCC+MPSC Nov 2025), 1,900MW data center ESAs signed Feb 2026, .6B 2026-2030 capex. But financials show strain: adj EPS barely grew (.81→.83), GAAP EPS decli...

sec_10kMar 15
Conviction: unchanged
EVRG FY2025 10-K: Data Center Load Surge + Rate Case Wins Offset by Rising Capex Burden

FY2025 adj EPS $3.83 vs $3.81. GAAP EPS $3.66 vs $3.79 due to clean energy investment losses (being disposed). Revenue +2% to $5.96B. 5-year capex plan of $21.6B including $9.3B new generation. Critic...

sec_10kMar 3
Conviction: unchanged
EVRG FY2025: Stable Earnings Growth in Regulated Utility Backdrop

Evergy delivering steady earnings with rate case victories supporting revenue growth. Dividend sustainability remains strong. Key risks: regulatory headwinds, capex intensity, rising interest rates on...