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Black Hills Corp rated Buy on strong 600 MW data center load from Microsoft and Meta driving EPS growth.

Market News
01 Sep 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Black Hills Corporation is rated Buy due to a solid 600 MW data center load from Microsoft and Meta already factored into its financial plans. This initial load is expected to contribute over 10% to consolidated EPS growth starting in 2028 with minimal capital investment. Additionally, the company has a prospective pipeline exceeding 2.5 GW, including a 1.8 GW hyperscale project, which offers further growth potential but is not yet included in earnings estimates. Trading at $72.80 with a 3.9% dividend yield, Black Hills benefits from stable utility growth and prudent capital allocation, making it attractive for investors seeking income and growth.

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