Boyd Gaming to Acquire Significant Renewable Energy Tax Credits

The latest update is out from Boyd Gaming ( (BYD) ).

In December 2025, Boyd Gaming Corporation entered into agreements to purchase up to approximately $465 million of renewable energy investment tax credits generated by developers of various renewable energy and storage projects, aiming to reduce the economic cost of satisfying its 2025 federal income tax obligations. The transactions, which include customary representations, warranties, covenants and indemnification protections if the credits are not effectively transferred or are ruled invalid, underscore the company’s use of tax credit markets and renewable energy incentives to optimize its tax position, with completion contingent on Internal Revenue Service processes being finalized by September 15, 2026.

The most recent analyst rating on (BYD) stock is a Hold with a $87.00 price target. To see the full list of analyst forecasts on Boyd Gaming stock, see the BYD Stock Forecast page.

Spark’s Take on BYD Stock

According to Spark, TipRanks’ AI Analyst, BYD is a Outperform.

Boyd Gaming’s overall stock score reflects strong financial performance and attractive valuation, offset by bearish technical indicators. The positive earnings call further supports the company’s strategic direction, despite challenges in specific segments. Investors should consider the high leverage and recent cash flow trends when evaluating the stock.

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

More about Boyd Gaming

Boyd Gaming Corporation operates in the gaming and hospitality industry, running casinos and related entertainment properties across the United States, with revenues and profitability closely tied to its gaming operations and associated leisure services.

Average Trading Volume: 915,278

Technical Sentiment Signal: Buy

Current Market Cap: $6.77B

For detailed information about BYD stock, go to TipRanks’ Stock Analysis page.