BKH News & Analysis
2 articles
Market Mood
Black Hills (BKH) Q1 2026 Earnings Drop Due to Weather Events
Black Hills Corporation (BKH) reported a decline in earnings for Q1 2026, attributing the decrease to adverse weather conditions. Despite the earnings hit, the company maintained its guidance for the year, signaling stability moving forward. Specific figures on the earnings drop were not provided, but the consistent guidance suggests management confidence. The impact of weather on utility companies can lead to market volatility based on future performance expectations.
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Black Hills Corp (BKH) Price Target Raised to $91 Amid Microsoft Deal
Analysts at BMO Capital have raised the price target for Black Hills Corporation (BKH) to $91 from $84, maintaining an Outperform rating. This revision follows Microsoft's acquisition of 3,200 acres for a data center in Cheyenne, Wyoming, which is expected to drive growth for Black Hills. The company anticipates providing energy to power the data center, part of a broader pipeline totaling more than 3 GW, including 600 MW by 2030. In their recent earnings report, Black Hills reported adjusted earnings of $135.1 million, or $1.79 per share, compared to $134.3 million, or $1.87 per share, in the same quarter last year.
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