UBS Reaffirms Buy Rating for Evergy (EVRG), Sees Growth Boost from Data Centers

Core Insights - Evergy Inc. (NASDAQ:EVRG) is considered a top pick for retirement portfolios, with UBS maintaining a Buy rating and a price target of $81 [1] - Analyst William Appicelli anticipates that Evergy could increase its growth rate from 4-6% to 6-8% in its fourth quarter update [1] Financial Projections - UBS has raised its capital expenditure projections and earnings per share estimates due to expected generation capacity to manage an additional 2GW load from data centers [2] - Evergy is finalizing deals for two major data center projects, which may lead to a capital expenditure of approximately $5 billion [2] Company Overview - Evergy, formed in 2018 from the merger of Great Plains Energy and Westar Energy, has a generating capacity of 16,000 megawatts across over 40 power plants, serving 1.7 million customers in Kansas and Missouri [3]