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An update from Black Hills ( (BKH) ) is now available.
Black Hills Corporation operates as a regulated energy company, providing electric and natural gas utility services through its subsidiaries. NorthWestern Energy Group, its pending merger partner, is likewise a regulated utility with a sizable base of electric and gas operations, positioning the combined entity squarely in the U.S. regulated power and gas distribution sector.
Black Hills said it is moving forward with an all-stock merger with NorthWestern Energy Group under an agreement unanimously approved by both boards on August 18, 2025. The company filed historical financial statements for NorthWestern and unaudited pro forma combined financials to illustrate how the merged utility might look, while stressing that the figures are illustrative, rely on assumptions, and remain subject to regulatory approvals and other closing uncertainties.
The most recent analyst rating on (BKH) stock is a Buy with a $87.00 price target. To see the full list of analyst forecasts on Black Hills stock, see the BKH Stock Forecast page.
Spark’s Take on BKH Stock
According to Spark, TipRanks’ AI Analyst, BKH is a Neutral.
The score reflects mixed fundamentals (negative recent free cash flow and softer TTM revenue/margins) balanced by constructive price momentum and a generally positive earnings-call outlook with reaffirmed guidance and growth initiatives. Valuation is tempered by an unusable negative P/E despite an attractive dividend yield.
To see Spark’s full report on BKH stock, click here.
More about Black Hills
Black Hills Corporation operates as a regulated energy company, providing electric and natural gas utility services through its subsidiaries. NorthWestern Energy Group, its pending merger partner, is likewise a regulated utility with a sizable base of electric and gas operations, positioning the combined entity squarely in the U.S. regulated power and gas distribution sector.
Black Hills said it is moving forward with an all-stock merger with NorthWestern Energy Group under an agreement unanimously approved by both boards on August 18, 2025. The company filed historical financial statements for NorthWestern and unaudited pro forma combined financials to illustrate how the merged utility might look, while stressing that the figures are illustrative, rely on assumptions, and remain subject to regulatory approvals and other closing uncertainties.
Average Trading Volume: 957,707
Technical Sentiment Signal: Buy
Current Market Cap: $5.67B
See more data about BKH stock on TipRanks’ Stock Analysis page.