Evergy (EVRG) traded 90X daily calls on 2/18 as 4275 June $70 calls bought $1.15 to $1.35 and IV30 jumped 9.25%, albeit a low IV30 still at 16.4% but unusual activity to start the week as EVRG has minimal options open interest. EVRG shares the past eight years have been mostly contained in the $50/$66 zone and shares starting to clear a downtrend and move above that zone. EVRG will next report on 2/27. EVRG engages in the generation, transmission, distribution, and sale of electricity via coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, and other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities. EVRG has a $15.4B market cap and trades 16.7X Earnings, 11.2X EBITDA and 1.55X Book with a 3.87% dividend yield. EVRG EBITDA is seen growing steadily at 5-7% each of the next two years. Evergy has identified up to 6,000 MW of added potential load driven largely by artificial intelligence and data centers. Kansas’ utility regulation continues to improve as a boost for EVRG. Evergy announced it will invest in two new 705 megawatt combined-cycle natural gas plants that will be built in Kansas. The plants are expected to begin operating in 2029 and 2030. The overall economic development pipeline remains robust in both Kansas and Missouri, with projects representing more than 6 gigawatts of demand actively considering our service territory.Analysts have an average target of $67.50 and short interest has risen to 4.2% of the float from 3% in December. Guggenheim upgraded to Buy with a $71 target on 1/23.