WallStSmart
EVRG

Evergy, Inc.

NASDAQ: EVRG · UTILITIES · UTILITIES - REGULATED ELECTRIC

$81.33
-0.72% today

Updated 2026-04-29

Market cap
$18.73B
P/E ratio
22.22
P/S ratio
3.14x
EPS (TTM)
$3.66
Dividend yield
3.29%
52W range
$61 – $85
Volume
2.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Evergy, Inc. (EVRG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$81.33
Consensus
$87.25
+7.28%
2030 Target
$438.05
+438.61%
DCF
$73.18
-8.38% MoS
8 analysts:
3 Buy3 Hold0 Sell

Management guidance

Evergy has established a new five-year capital expenditure plan supporting infrastructure modernization and data center growth. The company forecasts 2026 profit below initial estimates but announced new large customers and multi-year power-supply agreements with data centers, indicating accelerating revenue trajectory through 2030. CEO guidance emphasizes dividend growth continuation (23-year streak) and significant capex deployment, implying mid-to-high single-digit revenue growth through the decade.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$727.32
$8.3B Rev × 20x P/S
Base case (2030)
$438.05
$8.3B Rev × 12x P/S
Bear case (2030)
$289.28
$8.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$5.5B$5.8B$5.9B$6.3B$6.8B$7.3B$7.8B$8.3B
Revenue growth—6.2%1.7%6.4%7.1%7.2%7.1%7.0%
EPS$3.55$3.80$3.81$4.35$4.65$5.05$5.42$5.85
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$330.60$355.40$380.19$404.99$438.05

Catalysts & risks

Growth catalysts
+ Data center customer signings and multi-year power supply agreements driving incremental load growth
+ Five-year capital expenditure plan supporting grid modernization and renewable energy infrastructure
+ Dividend aristocrat trajectory (23 consecutive years of increases) attracting institutional capital
+ AI/semiconductor industry power demand acceleration in Evergy's service territory
Key risks
- Regulatory lag risk: rate case outcomes may not fully offset inflation and capex growth
- Interest rate sensitivity: $15.4B debt load vulnerable to refinancing costs in higher-rate environment
- Weather volatility: cooling/heating degree days impact residential revenue (40.5% of total)
- Economic slowdown could reduce industrial/commercial demand despite data center tailwinds
- Customer concentration risk on new data center contracts

Methodology

Evergy, Inc.'s forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.