Evergy, Inc. (EVRG), based in Kansas City, Missouri, is more than just an electricity provider. It manages the entire chain, including generation, transmission, distribution, and sales. The company pulls power from coal, landfill gas, uranium, natural gas, and oil, while also leaning into solar, wind, and other renewables.
With a market capitalization of about $16.6 billion, Evergy sits well within the “large-cap” bracket, reserved for companies worth more than $10 billion. The company's size offers it reach, which Evergy employs to serve homes, businesses, industries, governments, and other utilities.
Investors are maintaining a careful eye on EVRG stock, which is currently trading just a shade below its August peak of $73.97. Over the last three months, the stock has climbed nearly 7%, outperforming the Invesco S&P 500 Equal Weight Utilities ETF’s (RSPU) 6% surge during the same period. This kind of neck-and-neck race shows EVRG has kept pace with the broader Utilities sector.
When one broadens the perspective, the story becomes stronger. Over the past 52 weeks, EVRG has gained 18.2%, while its year-to-date (YTD) return is 19.1%. RSPU, on the other hand, has posted a 10.3% rise in the same 52-week stretch and a 14.2% gain so far in 2025. The comparison underscores EVRG’s outperformance, leaving no doubt that the stock has been carrying momentum.
Technical levels confirm that strength. EVRG has traded consistently above its 200-day moving average over the past year and stayed above its 50-day moving average despite fluctuations, highlighting sustained bullish momentum.
On Sept. 23, the stock resumed its upward trend, climbing nearly 1.5% intraday after Evergy announced a memorandum of understanding with TerraPower, a premier nuclear innovation corporation, and Kansas. The aim of this collaboration is to investigate the location of TerraPower's Natrium reactor and energy storage technology inside Evergy's Kansas service zone.
The transaction provides Evergy with the opportunity to diversify its portfolio, strengthen its position in renewable obligations, and gain access to prospective regulatory benefits. More crucially, it makes the company more appealing to green capital, a type of finance that can cushion cash flows and provide stability for long-term earnings.
Comparisons with rivals add further weight to the narrative. Alliant Energy Corporation (LNT) has seen its shares gain 7.4% over the past 52 weeks and 9.6% in 2025. Against that backdrop, EVRG’s stronger trajectory looks even clearer.
Analysts, too, are tilting bullish. Out of 12 covering the stock, the consensus rating stands at “Strong Buy”. EVRG’s mean price target stands at $76.38, implying a premium of 4.2% to the current level.
