By Neha Gupta
Publication Date: 2026-05-09 21:27:00
Black Hills Corporation (NYSE:BKH) is one of the high growth utility stocks to buy according to analysts. On April 15, analysts at BMO Capital reiterated an Outperform rating on Black Hills Corporation (NYSE:BKH) and raised the price target to $91 from $84.
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The price target hike comes as the research firm expects the company to benefit from Microsoft’s purchase of 3,200 acres of land to build a data center. The proposed data center in Cheyenne, Wyoming, underscores the growing interest of hyperscalers in the state, which is expected to trigger significant transformational growth. Black Hills is to provide the much-needed energy to power the data center, seen as a significant development.
Black Hills Corp. boasts a data center pipeline of more than 3 GW, including 600 MW by 2030, as part of a five-year financial plan driven by…