Evergy (NASDAQ:EVRG – Get Free Report) and SolarBank (NASDAQ:SUUN – Get Free Report) are both utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, dividends, valuation, institutional ownership, earnings, profitability and risk.
Analyst Recommendations
This is a summary of recent recommendations and price targets for Evergy and SolarBank, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Evergy | 0 | 1 | 8 | 0 | 2.89 |
| SolarBank | 0 | 0 | 1 | 0 | 3.00 |
Evergy presently has a consensus target price of $65.36, suggesting a potential downside of 3.97%. SolarBank has a consensus target price of $6.00, suggesting a potential upside of 37.93%. Given SolarBank’s stronger consensus rating and higher possible upside, analysts plainly believe SolarBank is more favorable than Evergy.
Earnings and Valuation
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Evergy | $5.51 billion | 2.84 | $731.30 million | $3.70 | 18.39 |
| SolarBank | $43.08 million | 3.21 | -$2.56 million | ($0.22) | -19.77 |
Evergy has higher revenue and earnings than SolarBank. SolarBank is trading at a lower price-to-earnings ratio than Evergy, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership
87.2% of Evergy shares are held by institutional investors. 0.5% of Evergy shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Profitability
This table compares Evergy and SolarBank’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Evergy | 14.77% | 8.77% | 2.72% |
| SolarBank | -10.64% | -15.19% | -6.41% |
Summary
Evergy beats SolarBank on 10 of the 13 factors compared between the two stocks.
About Evergy
Evergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities. The company was incorporated in 2017 and is headquartered in Kansas City, Missouri.
About SolarBank
SolarBank Corporation operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms. The company was formerly known as Abundant Solar Energy Inc. and changed its name to SolarBank Corporation in October 2022. SolarBank Corporation was incorporated in 2013 and is headquartered in Toronto, Canada.
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