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The latest announcement is out from Evergy ( (EVRG) ).
On January 7, 2026, Evergy entered into a $55 million unsecured term loan facility with Bank of America that matures on January 6, 2027, providing additional liquidity for working capital, capital expenditures, permitted acquisitions and other general corporate purposes under customary leverage covenants. On the same date, the utility agreed to repurchase approximately $244.1 million in principal amount of its 4.50% convertible notes due 2027 for about $302.5 million in cash, a transaction that will modestly reduce its outstanding convertible debt to roughly $1.16 billion and could influence trading dynamics in Evergy’s common stock as noteholders adjust associated hedging and arbitrage positions.
The most recent analyst rating on (EVRG) stock is a Hold with a $76.00 price target. To see the full list of analyst forecasts on Evergy stock, see the EVRG Stock Forecast page.
Spark’s Take on EVRG Stock
According to Spark, TipRanks’ AI Analyst, EVRG is a Neutral.
Evergy’s overall stock score reflects a balance of operational efficiency and financial challenges. The strong dividend yield and strategic financial maneuvers are positive, but revenue growth and cash flow issues, along with technical bearish signals, weigh on the score. The company’s ability to manage leverage and capitalize on regulatory and economic opportunities will be key to future performance.
To see Spark’s full report on EVRG stock, click here.
More about Evergy
Evergy, Inc. (NASDAQ: EVRG) is a regulated electric utility serving 1.7 million customers across Kansas and Missouri, focused on producing, transmitting and delivering reliable, affordable and increasingly sustainable energy. Headquartered in Kansas City, the company sources roughly half of its power from carbon-free generation and emphasizes innovation in customer energy management, workplace safety and community engagement while seeking to deliver long-term value for investors.
Average Trading Volume: 1,993,441
Technical Sentiment Signal: Buy
Current Market Cap: $16.65B
See more data about EVRG stock on TipRanks’ Stock Analysis page.