Evergy Inc

EVRG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$95.00	Sqjvkb	Pgpslrbm

Evergy Accelerates Renewable Energy Growth Strategy With Wind Purchase

Travis Miller

Aug 11, 2022

We are raising our fair value estimate to $63 per share from $62 after raising our capital-investment forecast and incorporating time-value appreciation since our last update. We are incorporating Evergy's announcement on Aug. 9 that it plans to buy the 199-megawatt Persimmon Creek Wind Farm in Oklahoma for $250 million. We are reaffirming our narrow-moat and stable-moat-trend ratings.

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