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Black Hills ( (BKH) ) has provided an announcement.
On May 8, 2025, Black Hills Corporation amended its Equity Distribution Sales Agreement to continue its at-the-market equity offering program, maintaining an aggregate gross sales price of up to $400 million. This amendment allows the company to utilize its existing shelf registration statement, ensuring the continuation of its strategic financial operations and potentially impacting its financial advisory and investment banking relationships.
Spark’s Take on BKH Stock
According to Spark, TipRanks’ AI Analyst, BKH is a Outperform.
Black Hills scores well due to its stable financial performance, positive technical indicators, and reasonable valuation. The company’s robust earnings call further boosts confidence with its strategic investments and growth plans, although high liabilities and capital expenditure impact free cash flow.
To see Spark’s full report on BKH stock, click here.
More about Black Hills
Black Hills Corporation is a South Dakota-based company operating in the energy sector, primarily focused on providing electric and natural gas utility services.
Average Trading Volume: 471,779
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.43B
For a thorough assessment of BKH stock, go to TipRanks’ Stock Analysis page.