Evergy IncEVRG
Price$78.79Intrinsic value$60.8923% below price

Qualitative Analysis

Business overview

Business Overview

Evergy, Inc. (NASDAQ: EVRG) is a major regulated electric utility holding company headquartered in Kansas City, Missouri. Operating through key subsidiaries including Evergy Kansas Central, Evergy Metro, Evergy Missouri West, and Evergy Transmission, the company serves approximately 1.7 million residential, commercial, and industrial customers across eastern Kansas and western Missouri. Evergy manages a combined rate base exceeding $20 billion and maintains a diverse generation portfolio of approximately 16,000 megawatts, which includes coal, natural gas, nuclear (uranium), wind, and solar energy. The company is recognized as one of the largest wind energy suppliers in the United States.

Research as of 19 Jun 2026

Sources: 1

Strategic Initiatives

Growth programs, investments, and their expected impact

AI-assisted
Expanded Five-Year Capital Investment PlanExpansion

An expanded $21.6 billion capital spending plan for 2026-2030 to support grid modernization, reliability, and rising electricity demand from large commercial and industrial customers.

Expected impact: Supports an 11.5% rate base CAGR and enables the company to meet accelerating retail load growth, which is projected to average 7% to 8% annually through 2030.

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Investment$21.6 billion
Timeline2026-2030
Large Load Power Service (LLPS) Tariff FrameworkGrowth

Securing and executing Electric Service Agreements (ESAs) under the newly approved LLPS tariffs in Kansas and Missouri, targeting major tech and industrial users.

Expected impact: Secured agreements for 1.9 GW of electricity load from large customers including Google, Meta, and Beale Infrastructure, ensuring new large customers pay premium rates that cover system costs and protect affordability for existing customers.

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InvestmentPart of the $21.6 billion capital plan
TimelineOngoing through 2030
Clean Energy and Generation Portfolio TransitionTransformation

Adding balanced generating resources to meet Southwest Power Pool (SPP) reserve margin requirements, including plans for gas-fired generation, solar additions, and battery storage, while retiring older coal-based generation.

Expected impact: Adds nearly 1.9 GW of gas-fired capacity and 325 MW of solar to ensure grid reliability and support clean energy transition goals.

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Timeline2026-2032
Sources: 2

Mergers, Acquisitions & Partnerships

Recent deals and strategic collaborations

AI-assisted

Strategic Partnerships

GoogleElectric Service Agreement (ESA)

High

Terms: Contracted under the Large Load Power Service (LLPS) tariff framework to supply power to new data center facilities.

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MetaElectric Service Agreement (ESA)

High

Terms: Contracted under the Large Load Power Service (LLPS) tariff framework to support data center expansion.

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Sources: 4
AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.