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Citi Raises Price Target on Evergy (EVRG) to $89, Citing Strong Data Center Growth Outlook
Yahoo Finance· 2025-11-12 02:36
Core Insights - Evergy, Inc. is recognized as one of the 15 overlooked dividend stocks to consider for investment [1] - Citi has raised its price target for Evergy from $79 to $89, citing a strong outlook for data center growth [2] - The company reported significant progress with major data center customers, securing service agreements worth approximately $200 million [3] Financial Performance - In Q3 2025, Evergy narrowed its adjusted EPS guidance to a range of $3.92 to $4.02, influenced by cooler-than-normal summer weather [4] - The company announced a 4% increase in its quarterly dividend, marking the 20th consecutive year of dividend growth [4] Business Operations - Evergy provides clean, reliable, and safe energy to around 1.7 million customers across Kansas and Missouri through its subsidiaries [5] - The company expects data center projects to generate about 600 MW of peak demand by 2029, leading to an overall load growth forecast of 4-5% compound annual rate [3]
Is AES Corporation Stock Underperforming the S&P 500?
Yahoo Finance· 2025-09-24 06:23
Core Insights - AES Corporation is a global energy company focused on clean, reliable, and accessible power, with a diversified portfolio across generation, utilities, renewables, energy storage, and transmission infrastructure [1] - The company has a market capitalization of $9.3 billion, positioning it as a mid-cap stock within the diversified utilities sector [2][3] Stock Performance - AES stock is down 35.3% from its 52-week high of $20.30, but has gained 29.5% over the past three months, outperforming the S&P 500 Index's gains of around 10.5% during the same period [4] - Year-to-date, AES is up 2.1%, lagging behind the S&P 500's 13.2% gains, and has declined 32% over the past 52 weeks compared to the S&P 500's 16.4% returns [5] - The stock has faced pressure, trading below its 50-day and 200-day moving averages for much of the past year, but has recently shown signs of recovery, moving above these averages since mid-July [5][6] Market Sentiment - Investor confidence in AES has waned due to weakening revenues, high debt levels, and regulatory challenges affecting clean-energy incentives, leading to a significant decline in stock value over the past year [6] - Recent months have indicated a potential recovery in market sentiment, as the stock has delivered positive returns [6]
Ensurge Micropower ASA – 1H 2025
GlobeNewswire News Room· 2025-08-20 06:00
Group 1 - Shauna McIntyre has been appointed as the new CEO of Ensurge Micropower ASA [1] - The company has established a new Board of Directors [1] - Ensurge has successfully completed two comprehensive battery evaluations for a customer as part of its initial delivery order [1] - The manufacturing process has progressed from individual sheet-based production to roll-to-roll (R2R) production in front-end cell manufacturing [1] - There is ongoing technology cooperation with a Fortune 500 company [1] - An additional evaluation agreement has been signed with a medical device company [1] - The company is progressing Joint Development Agreements (JDAs) with Evaluation Partners to fund technological development [1] - Future quarterly reports will be presented by CEO Shauna McIntyre either in person or via webcast [1] Group 2 - Ensurge is focused on developing ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbatteries [2] - The company employs a workforce of forty specialists based in Silicon Valley [2] - The microbattery technology is suitable for applications in hearables, digital and health wearables, sports and fitness devices, and IoT sensor solutions [2] - Ensurge's manufacturing facility utilizes patented process technology and materials innovation, aiming for roll-to-roll production methods [2] - The company plans to outsource production of resulting intellectual property (IP) to specialized partners with industrial manufacturing expertise [2] - Ensurge is listed on the Norwegian stock exchange and is financed by strong financial investors from Norway, indicating strategic investment and robust transatlantic collaboration [2]