StreetInsider.com News Articles

Ladenburg Thalmann on Black Hills Corp (BKH): 'Google Announcement Could Provide More Upside'

Wed, 21 Oct 2026 06:31:58 -0400

Ladenburg Thalmann analyst Paul Fremont reiterated a Buy rating and $90.50 price target on Black Hills Corp (NYSE: BKH).

The analyst comments "Our revised forecast assumes BKH will mirror NiSource’s GenCo model for their generation investment related to their data center agreement with Google. This structure reduces their equity needs by roughly ~$576M compared to our initial assumptions. Our new forecast assumes $35.1M of net income associated with the 564MW generation investment, with the remaining $114.9M of net income ($150M total) coming from the company’s Microgrid Management Fee. This would result in roughly $0.79 of accretion in 2030 compared to our

Ladenburg Thalmann on Black Hills Corp (BKH): 'Google Announcement Could Provide More Upside'

Wed, 21 Oct 2026 06:31:58 -0400

Ladenburg Thalmann analyst Paul Fremont reiterated a Buy rating and $90.50 price target on Black Hills Corp (NYSE: BKH).

Ladenburg Thalmann on Black Hills Corp (BKH): 'Google Announcement Could Provide More Upside'

Wed, 21 Oct 2026 06:31:58 -0400

Ladenburg Thalmann analyst Paul Fremont reiterated a Buy rating and $90.50 price target on Black Hills Corp (NYSE: BKH).

Jefferies Starts Black Hills Corp (BKH) at Buy

Wed, 14 Oct 2026 16:13:44 -0400

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Black Hills Corp (NYSE: BKH) with a Buy rating and a price target of $87.00.

The analyst comments "Initiate at BUY and $87.00/sh PT. We estimate the GOOGL project to drive ~ $0.77/sh (~14%) PF upside vs cons, while shares outperformed only 6% in the past week. The full magnitude of uplift is yet to be fully reflected and see the February 2027 formal refresh to be the catalyst. We model PF FY25-30e EPS CAGR at 8.7% & FY27-32e EPS CAGR at 7.7%; both above the 5-7% guide. See option value in a broader

Jefferies Starts Black Hills Corp (BKH) at Buy

Wed, 14 Oct 2026 16:13:44 -0400

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Black Hills Corp (NYSE: BKH) with a Buy rating and a price target of $87.00.

Black Hills Corp. gets Arkansas rate approval worth $17.9M annually

Tue, 13 Oct 2026 16:16:07 -0400

Black Hills Corp. (NYSE: BKH) announced that its natural gas utility subsidiary in Arkansas received approval from the Arkansas Public Service Commission for new rates, effective Oct. 12, 2026.

The new rates are expected to generate approximately $17.9 million in new annual revenues and allow recovery of approximately $147 million in system investments made since the utility's last general rate filing in 2023.

The approved rates are based on a return on equity of 9.8% and a capitalization structure of 47.5% equity and 52.5% debt.

The rate change affects more than 189,000 customers across over 100 communities in Arkansas.

Linn Evans, president and CEO

Black Hills Corp. Gas Utility Receives Approval for New Rates in Arkansas

Tue, 13 Oct 2026 16:15:00 -0400

RAPID CITY, S.D., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its natural gas utility subsidiary in Arkansas received approval from the Arkansas Public Service Commission of new rates. The new rates will provide recovery of approximately $147 million of system investments since the utility’s last general rate filing in 2023 and operational costs required to deliver safe, reliable natural gas service for over 189,000 Arkansas customers in more than 100 communities in Arkansas.

“This approval supports our ability to deliver on our commitment to serve our Arkansas customers with the

Black Hills Corp. Gas Utility Receives Approval for New Rates in Arkansas

Tue, 13 Oct 2026 16:15:00 -0400

“This approval supports our ability to deliver on our commitment to serve our Arkansas customers with the

Black Hills Corp. Schedules 2026 Third-Quarter Earnings Release and Conference Call

Thu, 08 Oct 2026 16:15:00 -0400

RAPID CITY, S.D., Oct. 08, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) will announce its 2026 third-quarter earnings after the market closes Wednesday, Nov. 4, 2026, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Nov. 5, 2026, to discuss the company’s financial results.

To participate by phone and ask a question during the live broadcast, participants can access the event directly at Black Hills Corp. Conference Call. Please allow at least five minutes to register. Upon registration, dial-in information will be provided, including a

Black Hills Corp. Schedules 2026 Third-Quarter Earnings Release and Conference Call

Thu, 08 Oct 2026 16:15:00 -0400

Black Hills Corp (BKH) PT Raised to $86 at BMO Capital

Thu, 08 Oct 2026 07:40:57 -0400

(Updated - October 8, 2026 7:40 AM EDT)

BMO Capital analyst James M. Thalacker raised the price target on Black Hills Corp (NYSE: BKH) to $86.00 (from $83.00) while maintaining an Outperform rating.

The analyst commented: "Bright Horizons Indeed; GOOG Agreement Meets/ Exceeds Expecations With FCF Kicker; BKH announced details of the much anticipated data center agreement with GOOG (covered by Brian Pitz). We believe the company's anticipated 2030 contribution from the project met or exceeded a wide range of investors' expectations with an upside surprise related to the project's free cash flow generation which leaves the company with significant financial flexibility/additional

Black Hills Corp (BKH) PT Raised to $86 at BMO Capital

Thu, 08 Oct 2026 07:40:57 -0400

(Updated - October 8, 2026 7:40 AM EDT)

BMO Capital analyst James M. Thalacker raised the price target on Black Hills Corp (NYSE: BKH) to $86.00 (from $83.00) while maintaining an Outperform rating.

Freedom Broker Upgrades Black Hills Corp (BKH) to Buy

Wed, 07 Oct 2026 09:31:04 -0400

(Updated - October 7, 2026 9:31 AM EDT)

Freedom Broker analyst Matvey Tayts upgraded Black Hills Corp (NYSE: BKH) from Hold to Buy, PT $78.00.

The analyst comments "On October 6, Black Hills announced that it has signed definitive agreements, effective September 30, 2026 and running through 2048, to serve Google's planned data center in Cheyenne, Wyoming. The package comprises $1.8 bn of company-owned gas-fired generation to be built in 2027–2029, up to 590 MW of grid-connected service, and the management of about 2.1 GW of Wyoming-based, third-party contracted resources through a private microgrid. Management guides to approximately $150 mn of project

Freedom Broker Upgrades Black Hills Corp (BKH) to Buy

Wed, 07 Oct 2026 09:31:04 -0400

(Updated - October 7, 2026 9:31 AM EDT)

Freedom Broker analyst Matvey Tayts upgraded Black Hills Corp (NYSE: BKH) from Hold to Buy, PT $78.00.

Black Hills Corp (BKH) PT Lowered to $78 at Ladenburg Thalmann

Wed, 07 Oct 2026 06:32:20 -0400

Ladenburg Thalmann analyst Paul Fremont lowered the price target on Black Hills Corp (NYSE: BKH) to $78.00 (from $80.00) while maintaining a Buy rating.

Form 8-K BLACK HILLS CORP /SD/ For: Oct 06

Tue, 06 Oct 2026 16:19:00 -0400

si-local-file:///var/storage/secattach/20261006/27155764.html

Black Hills Corp. Executes Definitive Agreements to Serve Google’s Planned Data Center in Cheyenne, Wyoming

Tue, 06 Oct 2026 16:10:00 -0400

Investing $1.8 billion in new company-owned natural gas generation
Providing up to 590 megawatts (MW) of grid-connected energy service and managing 2.1 gigawatts (GW) of third-party contracted resources through a private microgrid
Strong customer protections including no cost shifting to other customers
Return on generation investment and microgrid management fees are contracted to begin contributing to earnings in 2027, and expected to provide approximately $150 million of net income in 2030
Expected to generate approximately $2.4 billion of unlevered free cash flow through 2048, net of $1.8 billion of capital expenditures

RAPID CITY, S.D., Oct. 06,

Black Hills Corp. Executes Definitive Agreements to Serve Google’s Planned Data Center in Cheyenne, Wyoming

Tue, 06 Oct 2026 16:10:00 -0400

Investing $1.8 billion in new company-owned natural gas generation
Providing up to 590 megawatts (MW) of grid-connected energy service and managing 2.1 gigawatts (GW) of third-party contracted resources through a private microgrid
Strong customer protections including no cost shifting to other customers
Return on generation investment and microgrid management fees are contracted to begin contributing to earnings in 2027, and expected to provide approximately $150 million of net income in 2030
Expected to generate approximately $2.4 billion of unlevered free cash flow through 2048, net of $1.8 billion of capital expenditures

RAPID CITY, S.D., Oct. 06,

Freedom Broker Starts Black Hills Corp (BKH) at Hold

Wed, 30 Sep 2026 15:49:20 -0400

Freedom Broker analyst Matvey Tayts initiates coverage on Black Hills Corp (NYSE: BKH) with a Hold rating and a price target of $69.00.

The analyst comments "We initiate coverage of Black Hills Corporation with a Hold rating and a PT of $69. BKH combines a diversified regulated electric and natural gas utility portfolio across eight states with visible capital recovery that supports steady earnings growth. The pending NorthWestern Energy merger is the principal growth catalyst. Our model consolidates NWE from Q1'27 and forecasts a 6.2% pro forma rate base CAGR over 2026–2030E. EPS grows at a 5.3% CAGR from our 2026E

Freedom Broker Starts Black Hills Corp (BKH) at Hold

Wed, 30 Sep 2026 15:49:20 -0400

Freedom Broker analyst Matvey Tayts initiates coverage on Black Hills Corp (NYSE: BKH) with a Hold rating and a price target of $69.00.

Black Hills Corp. (BKH) 3500 contracts of October 80 calls active, share price up 2.5%

Mon, 21 Sep 2026 14:15:02 -0400

Black Hills Corp. (NYSE: BKH) 30-day option implied volatility is at 20; compared to its 52-week range of 14 to 32 with a focus on 3500 contracts of October 80 calls as share price up 2.5%.

Black Hills Corp (BKH) PT Raised to $97 at BofA Securities

Mon, 21 Sep 2026 06:19:03 -0400

BofA Securities analyst Ross Fowler raised the price target on Black Hills Corp (NYSE: BKH) to $97.00 (from $87.00) while maintaining a Buy rating.

The analyst comments "Our Wyoming investor trip significantly increased our conviction in the size, scale and duration of the state’s data center opportunity. We toured operating campuses, buildings nearing completion, projects under construction and large planned sites with substantial expansion acreage. The physical development was striking. Cheyenne LEADS identifies 10 data centers operating, 5 under construction and 10 planned. Those who attended the trip likely understood that the opportunity is material and extends well beyond Black Hill

Black Hills Corp (BKH) PT Raised to $97 at BofA Securities

Mon, 21 Sep 2026 06:19:03 -0400

BofA Securities analyst Ross Fowler raised the price target on Black Hills Corp (NYSE: BKH) to $97.00 (from $87.00) while maintaining a Buy rating.

Black Hills Corp (BKH) PT Lowered to $83 at BMO Capital

Wed, 09 Sep 2026 07:57:14 -0400

BMO Capital analyst James M. Thalacker lowered the price target on Black Hills Corp (NYSE: BKH) to $83.00 (from $84.00) while maintaining a Outperform rating.

Black Hills Corp (BKH) PT Lowered to $83 at BMO Capital

Wed, 09 Sep 2026 07:56:51 -0400

BMO Capital analyst James M. Thalacker lowered the price target on Black Hills Corp (NYSE: BKH) to $83.00 (from $84.00) while maintaining a Outperform rating.