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Black Hills Corp (BKH) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown modest financial growth and analysts have incrementally positive views, the lack of strong technical signals, neutral insider and hedge fund sentiment, and the absence of recent positive news or significant catalysts suggest holding off on buying until clearer opportunities arise.
The MACD is negative and contracting (-0.132), indicating weak momentum. RSI is neutral at 55.545, and moving averages are converging, showing no clear trend. Key support and resistance levels are close to the current price (Pivot: 73.089, R1: 75.167, S1: 71.011), suggesting limited immediate upside potential.

and expressed optimism about microgrid management fees and data center earnings potential. Financial performance in Q4 2025 showed revenue and net income growth.
Gross margin dropped by 3.17% YoY. Wells Fargo downgraded a related company (NorthWestern Energy) due to concerns about the Black Hills merger, citing potential downside risk if the deal fails. Technical indicators show no strong upward momentum.
In Q4 2025, revenue increased by 6.43% YoY to $635.5M, net income rose by 6.93% YoY to $104.9M, and EPS grew by 1.46% YoY to 1.39. However, gross margin dropped by 3.17% YoY to 51.36%.
BMO Capital raised the price target to $84 and maintained an Outperform rating, citing optimism about management's commentary and potential earnings upside. BofA raised the target to $72 but kept a Neutral rating. Wells Fargo expressed concerns about the Black Hills merger, highlighting potential downside risk.