Black Hills and NorthWestern Energy Announce Merger

Black Hills ( (BKH) ) has provided an announcement.

On August 19, 2025, Black Hills Corporation and NorthWestern Energy Group announced a merger agreement to create a premier regional regulated utility company. The merger, structured as an all-stock transaction, is expected to enhance the companies’ financial strength and operational scale, providing opportunities for increased investment in energy infrastructure and improved customer service. The combined entity will serve approximately 2.1 million customers across eight states, with a focus on sustainable growth and community support. The merger is anticipated to be accretive to earnings per share in the first year and aims to support a long-term EPS growth rate of 5% to 7%, benefiting shareholders and stakeholders alike.

The most recent analyst rating on (BKH) stock is a Buy with a $69.00 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 Outperform.

Black Hills Corporation’s strong earnings call and positive technical indicators are the most significant factors driving the stock’s score. The company’s strategic initiatives and growth prospects, coupled with a reasonable valuation, enhance its attractiveness. However, financial performance challenges related to revenue consistency and cash flow volatility slightly temper the overall score.

To see Spark’s full report on BKH stock, click here.

More about Black Hills

Black Hills Corporation is a regulated electric and natural gas utility company, focusing on providing energy services across multiple states. The company aims to deliver reliable and cost-effective energy solutions to its customers.

Average Trading Volume: 615,061

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.49B

Learn more about BKH stock on TipRanks’ Stock Analysis page.