Evergy and Entergy Stocks Rise as Data-Center Power Demand Fuels Utility Valuations
AI data-center utility stocks are getting a tougher investor check this month over whether surging power demand is enough for their high valuations. Evergy Inc. ended Friday at $83.85, up 1.26%. Entergy Corp. edged up 1.11% to $111.11. Both stocks trailed behind some bigger utilities in a generally upbeat day for U.S. stocks. Valuation questions are sharpest at Evergy. Eudaemon Research on Seeking Alpha noted Evergy has signed five major data-center power deals and raised its growth outlook over most regulated utilities. But the analysis said the stock price already shows that hope. EVRG is at 19.5 times forward non-GAAP earnings, with a Hold rating. Risks cited were execution, financing, and regulatory hurdles for its capital plan.
