Evergy, Inc. (NASDAQ: EVRG) is a leading utility company based in Kansas City, providing electricity to over 1.6 million customers in Kansas and Missouri. It focuses on delivering reliable energy while transitioning towards more sustainable and renewable energy sources.
Key Takeaways:
- Evergy’s stock price is expected to show steady growth over the coming years.
- Renewable energy investments and energy efficiency programs may drive long-term value.
- Market conditions and regulatory changes could impact stock performance.
Overview of Evergy, Inc.
Evergy, Inc. (NASDAQ: EVRG) formed in 2018 through the merger of Westar Energy and Great Plains Energy (including Kansas City Power & Light). Serving 1.7 million customers in Kansas and Missouri, its roots trace to the 1882 Kawsmouth Electric Light Company. The company evolved through entities like Kansas City Electric Light Company (1885) and Kansas City Power & Light Company (1922).
Key transformations include merging with Kansas Gas and Electric in 1992 to form Western Resources, which became Westar Energy in 2002. The 2018 merger creating Evergy consolidated decades of power industry evolution in the region. Evergy now operates over 40 power plants with a 16,000-megawatt capacity.
Evergy, Inc. Company Profile
| Country | United States |
| Ticker Symbol | EVRG |
| Exchange | NASDAQ |
| Founded | 2018 |
| IPO Date | 1980 |
| Industry | Electric Utilities |
| Sector | Utilities |
| Employees | 4,658 |
| CEO | David Campbell |
| Market Cap (September 25, 2024) | $14.20 billion |
| Website | evergy |
Evergy, Inc. (EVRG) Balance Sheet Analysis
Evergy, Inc.’s 2023 balance sheet reveals total assets of $30.98 billion, a $1.49 billion increase from 2022. Total liabilities grew to $21.29 billion, while equity slightly increased to $9.69 billion.
The company’s debt levels rose to $13.15 billion, with net debt at $13.12 billion, indicating minimal cash reserves. Working capital remained negative at -$1.72 billion, suggesting potential liquidity challenges.
Net tangible assets stood at $7.33 billion. The company’s asset base has grown steadily since 2020, but this growth has been accompanied by increasing debt levels.
Overall, Evergy shows expansion in its asset base and operations, but relies heavily on debt financing. This could pose risks if interest rates rise or unexpected financial challenges occur.
Balance Sheet Data Source: finance.yahoo
Evergy, Inc. Stock Price History
Evergy, Inc. (NASDAQ: EVRG) had its IPO in the year 1980. Evergy (EVRG) has undergone one stock split in its history, occurring on May 22, 1987. This 2:1 split means one share purchased before this date would equal two shares today.1
As of September 25, 2025, the stock price stands at $61.75.
EVRG Stock Price Forecast 2024
In 2024, Evergy’s stock is expected to grow by 11%. The company’s investments in wind and solar energy projects are likely to boost investor confidence. Evergy’s commitment to renewable energy aligns with growing market trends towards cleaner power sources.
Our analysts predict that Evergy’s focus on reducing carbon emissions and expanding its green energy portfolio will positively impact its market capitalization and price-to-earnings ratio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $48.54 | $71.75 | $86.10 |
EVRG Stock Price Forecast 2025
For 2025, we project a 12% increase in Evergy’s stock price. The company’s energy efficiency programs, including rebates for energy-efficient appliances, may contribute to improved financial performance. These initiatives could lead to cost savings for customers and increased profitability for Evergy.
The company’s efforts to optimize its energy mix and improve grid reliability are expected to enhance its overall performance and attract more institutional investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $76.76 | $80.36 | $96.43 |
EVRG Stock Price Forecast 2026
Evergy’s stock is predicted to grow by 13% in 2026. The expansion of Evergy’s electric vehicle charging network could drive revenue growth as EV adoption increases. This strategic move positions the company well in the evolving transportation sector.
Additionally, Evergy’s investments in smart grid technologies are expected to improve operational efficiency and potentially lead to higher profit margins and stronger cash flows.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $86.74 | $90.81 | $108.97 |
EVRG Stock Price Forecast 2027
In 2027, Evergy’s stock price is forecast to rise by 14%. The company’s smart home technology platform, Evergy Connect, may see increased adoption, potentially leading to new revenue streams. This innovative offering could enhance customer engagement and loyalty.
We anticipate that Evergy’s focus on digital transformation and customer-centric solutions will positively influence its market sentiment and analyst ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $98.88 | $103.52 | $124.22 |
EVRG Stock Price Forecast 2028
For 2028, a 15% increase in Evergy’s stock price is anticipated. The company’s ongoing investments in grid modernization could improve operational efficiency and reliability, potentially reducing costs and improving service quality for customers.
Our analysts expect that these improvements will lead to higher customer satisfaction scores and potentially increased market share in Evergy’s service areas.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $113.71 | $119.05 | $142.86 |
EVRG Stock Price Forecast 2029
In 2029, a 13% growth for Evergy’s stock is projected. The company’s focus on customer care and service improvements may lead to higher customer satisfaction rates, potentially reducing churn and enhancing brand value.
We believe that Evergy’s efforts to optimize its customer service operations will result in improved customer retention and potentially higher revenue per customer.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $128.49 | $134.53 | $161.44 |
EVRG Stock Price Forecast 2030
For 2030, a 12% increase in Evergy’s stock price is forecast. The company’s long-term investments in renewable energy sources may start yielding significant returns, potentially improving profit margins and attracting environmentally conscious investors.
Our analysts expect that Evergy’s green energy initiatives will positively impact its environmental, social, and governance (ESG) scores, potentially attracting more socially responsible investment funds. This trend is also seen in other utility companies, such as NiSource Inc. (NYSE: NI), which focuses on energy distribution and infrastructure modernization. For more insights on similar companies in the sector, you might be interested in the NiSource stock forecast, which analyzes another major player in the regulated utility market.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $143.91 | $150.67 | $180.80 |
EVRG Stock Price Forecast 2031
In 2031, Evergy’s stock is expected to grow by 11%. The company’s energy management tools could see wider adoption, helping customers optimize their energy usage and potentially leading to increased customer loyalty and reduced energy demand during peak hours.
We anticipate that these tools will contribute to improved grid stability and potentially lower operational costs for Evergy.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $159.74 | $167.24 | $200.69 |
EVRG Stock Price Forecast 2032
A 14% growth for Evergy’s stock is predicted in 2032. The company’s continued expansion of its renewable energy portfolio may position it favorably in a market increasingly focused on clean energy solutions.
Our analysts expect that Evergy’s commitment to green energy will enhance its competitive position and potentially lead to new partnership opportunities with other environmentally conscious businesses.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $182.10 | $190.65 | $228.78 |
EVRG Stock Price Forecast 2033
For 2033, a 15% increase in Evergy’s stock price is projected. The company’s investments in advanced grid technologies could lead to improved reliability and efficiency, potentially resulting in cost savings and improved customer satisfaction.
We anticipate that these technological advancements will strengthen Evergy’s position as a leader in grid modernization and potentially attract more tech-savvy investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $209.42 | $219.25 | $263.10 |
EVRG Stock Price Forecast 2034
In 2034, Evergy’s stock price is forecast to rise by 13%. The company’s focus on innovative customer solutions, such as personalized energy management plans, could drive customer engagement and potentially increase revenue per customer.
Our analysts believe that these tailored offerings will set Evergy apart from competitors and potentially lead to increased market share in its service areas.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $236.64 | $247.75 | $297.30 |
EVRG Stock Price Forecast 2035
For 2035, a 12% increase in Evergy’s stock price is anticipated. The company’s ongoing efforts to optimize its energy generation mix may lead to improved operational efficiency and potentially higher profit margins.
We expect that Evergy’s balanced approach to energy production will result in more stable earnings and potentially lower volatility in its stock price. This strategy is not unique to the utility sector. In the mining industry, companies like Teck Resources Limited (NYSE: TECK) are also focusing on responsible resource development to meet society’s needs. For a comparative analysis in a different but related sector, you might find the Teck Resources stock prediction insightful, as it examines another company adapting to changing market demands.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $265.04 | $277.48 | $332.98 |
EVRG Stock Price Forecast 2036
In 2036, an 11% growth for Evergy’s stock is projected. The company’s investments in energy storage solutions could provide a competitive edge, potentially enabling better management of peak demand and integration of renewable energy sources.
Our analysts anticipate that these storage capabilities will enhance Evergy’s ability to manage grid fluctuations and potentially lead to new revenue streams from grid services.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $294.19 | $308.00 | $369.60 |
EVRG Stock Price Forecast 2037
For 2037, a 14% increase in Evergy’s stock price is forecast. The company’s potential expansion into new geographical markets or service areas could open up new revenue streams and growth opportunities.
We expect that this expansion strategy will diversify Evergy’s revenue base and potentially reduce its exposure to regional economic fluctuations.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $335.38 | $351.12 | $421.34 |
EVRG Stock Price Forecast 2038
In 2038, Evergy’s stock is expected to grow by 15%. The company’s adoption of advanced analytics and AI for predictive maintenance could lead to significant cost savings and improved reliability, potentially enhancing its market position.
Our analysts believe that these technological innovations will set Evergy apart as a forward-thinking utility company, potentially attracting more growth-oriented investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $385.69 | $403.79 | $484.55 |
EVRG Stock Price Forecast 2039
A 13% growth for Evergy’s stock is predicted in 2039. The company’s potential leadership in integrating distributed energy resources could position it as an innovator in the evolving utility landscape.
We anticipate that Evergy’s expertise in managing a decentralized grid will become increasingly valuable, potentially leading to new business opportunities and partnerships.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $435.83 | $456.28 | $547.54 |
EVRG Stock Price Forecast 2040
For 2040, a 12% increase in Evergy’s stock price is projected. The company’s long-term strategies in grid resilience and cybersecurity may prove valuable in an increasingly digital and climate-challenged world.
Our analysts expect that Evergy’s proactive approach to these challenges will enhance its reputation and potentially lead to increased investor confidence. This focus on long-term planning is not limited to the utility sector. In the healthcare industry, companies like Centene Corporation (NYSE: CNC) are also preparing for future challenges in providing government-sponsored and private health insurance programs. For insights into how another essential services sector is adapting to future needs, you might find the Centene stock forecast informative.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $488.13 | $511.03 | $613.24 |
EVRG Stock Price Forecast 2050
Looking ahead to 2050, Evergy’s stock price is projected to reach $3,300. This long-term forecast considers potential technological breakthroughs, market expansions, and the company’s strategic positioning in the evolving energy landscape.
The shift towards fully renewable energy systems and smart grid technologies could be key drivers of this growth. We anticipate that Evergy’s early investments in these areas will pay off significantly, potentially establishing it as a market leader.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $3,150.00 | $3,300.00 | $3,960.00 |
Conclusion
Our analysis of Evergy, Inc. (NASDAQ: EVRG) stock price forecast from 2024 to 2050 indicates a pattern of steady and potentially accelerating growth. We project the stock price to reach $3,300 by 2050, representing a remarkable increase over the 25-year period.
Key factors contributing to this growth include:
- Ongoing investments in renewable energy
- Advancements in grid technology and energy efficiency
- Expansion of electric vehicle infrastructure
- Potential market expansions and technological innovations
FAQs
1. What is the future of EVRG share price?
Based on our analysis, the future of Evergy (EVRG) share price appears promising. Starting from $61.75 in 2025, we project steady growth over the coming decades. By 2030, we expect the stock to reach around $150.67, and by 2040, our forecast suggests a price of $511.03. Looking further ahead to 2050, our projections indicate a potential share price of $3,300. This long-term growth is expected to be driven by Evergy’s investments in renewable energy, grid modernization, and innovative customer solutions.
2. Is EVRG a good long-term stock?
EVRG shows potential as a good long-term stock. The company’s focus on renewable energy, grid modernization, and customer-centric solutions positions it well for future growth. Our forecasts indicate consistent year-over-year growth, ranging from 11% to 15% annually. Evergy’s commitment to sustainability and technological innovation aligns with long-term market trends in the utility sector. Additionally, the company’s efforts to improve operational efficiency and expand its service offerings could contribute to steady, long-term value appreciation for investors.
3. What is the EVRG 10 year outlook?
The 10-year outlook for EVRG appears positive. From 2025 to 2035, we project the stock price to grow from $80.36 to $277.48, representing a significant increase. During this period, Evergy is expected to benefit from its investments in renewable energy projects, expansion of its electric vehicle charging network, and advancements in smart grid technologies. The company’s focus on energy efficiency programs and innovative customer solutions is also likely to contribute to its growth. Overall, the 10-year outlook suggests steady expansion and potentially increasing market share for Evergy.
4. Is EVRG a buy hold or sell?
Based on Evergy’s strong commitment to renewable energy and customer-focused initiatives, EVRG could be considered a “buy” or “hold” for long-term investors. The company’s investments in wind and solar projects, along with its energy efficiency programs and smart home technology offerings like Evergy Connect, suggest potential for future growth. Their focus on electric vehicle charging infrastructure and grid modernization also aligns with industry trends, potentially enhancing long-term value for shareholders.
5. Who are the major competitors of EVRG?
The major competitors of Evergy, Inc. (NASDAQ: EVRG) include:
- NextEra Energy, Inc. (NYSE: NEE): A leading clean energy company focusing on renewable power generation and battery storage, serving millions of customers in the U.S.
- Duke Energy Corporation (NYSE: DUK): One of the largest electric power holding companies in the U.S., providing energy to customers across six states.
- Dominion Energy, Inc. (NYSE: D): Engages in electricity and natural gas generation, transmission, and distribution, emphasizing sustainability and renewable energy projects.
- Exelon Corporation (NASDAQ: EXC): The largest utility holding company in the U.S., managing a vast nuclear fleet and serving millions of customers.
- American Electric Power Company, Inc. (NASDAQ: AEP): A major electric utility company focusing on power generation and distribution in the Midwest and Southern U.S.
- Southern Company (NYSE: SO): Provides electricity to customers in the southeastern U.S., focusing on diversified energy sources, including renewables and nuclear.
- Entergy Corporation (NYSE: ETR): Serves the southern U.S. with a focus on nuclear power generation, delivering electricity to millions of customers.
- Xcel Energy Inc. (NASDAQ: XEL): Provides electricity and natural gas across eight U.S. states, heavily investing in wind and solar energy projects.
- Public Service Enterprise Group Incorporated (NYSE: PEG): A diversified energy company focused on power generation and utility services, emphasizing cleaner energy initiatives.
- AES Corporation (NYSE: AES): A global energy company providing power in 14 countries with a strong commitment to renewable energy and sustainability.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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