Black Hills Corporation stock gained 7.21 percent after Google deal
Published on 10/08/2026 at 03:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Black Hills Corporation stock (ISIN US0921131092) was last at USD 75.84 on the NYSE on October 7, 2026, up 7.21 percent from the prior close. The move followed a Google data center agreement that Black Hills announced on October 6, according to Black Hills.
Google deal sets a long runway
The agreements cover a planned Google facility in Cheyenne, Wyoming, with terms running through 2048. Black Hills plans USD 1.8 billion of generation investment between 2027 and 2029, including 564 megawatts of company-owned natural gas capacity.
The project includes up to 590 megawatts of grid-connected service and management of 2.1 gigawatts of contracted resources through a private microgrid. The company projects USD 150 million of net income in 2030 and USD 2.4 billion of unlevered free cash flow through 2048, net of generation capital spending, according to Black Hills.
Analyst target stays near the stock
Freedom Broker upgraded Black Hills from Hold to Buy and raised its price target from USD 69 to USD 78 after the Google announcement, Investing.com reported on October 7, 2026. The new target lies 2.9 percent above the October 7 price.
The wider consensus is Buy among seven analysts, with an average target of USD 82.57, according to MarketBeat. That average target lies 8.9 percent above the stock price, leaving the Google project and its financing plan central to the valuation discussion.
Second quarter earnings add support
Black Hills reported USD 0.54 of adjusted EPS in Q2 2026, compared with USD 0.38 in Q2 2025, while GAAP EPS was USD 0.50 after USD 0.04 of merger-related transaction costs, according to Yahoo Finance. Q2 revenue was USD 452.80 million, up 3.1 percent year over year, while adjusted EPS exceeded the USD 0.41 consensus by USD 0.13, MarketBeat reported.
Management reaffirmed full-year 2026 adjusted EPS guidance of USD 4.25 to USD 4.45. The combination of contracted data center demand, customer cost protections and planned capital spending makes execution and financing the key variables for the next phase of growth.
Black Hills stock nears its yearly high
Black Hills stock was last at USD 75.84 on October 7, 2026, with a session range of USD 74.20 to USD 77.97. Its 52-week range was USD 59.91 to USD 78.69, placing the price 3.6 percent below the yearly high.
Black Hills Corporation stock facts
- Company: Black Hills Corporation
- ISIN: US0921131092
- Ticker: BKH
- Trading venue: NYSE
- Price (as of October 7, 2026, 4:01 p.m. ET): USD 75.84
- Market capitalization: USD 5.8 billion (as of October 7, 2026)
- 52-week range: USD 59.91-78.69 (as of October 7, 2026)
- Sector / Industry: Utilities / Regulated Gas
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