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Black Hills Corporation (NYSE:BKH) is included among the 15 Overlooked Dividend Stocks to Buy Right Now.
On November 7, Scotiabank raised its rating on Black Hills Corporation (NYSE:BKH) from Sector Perform to Outperform and increased its price target to $81 from $66, as reported by The Fly. The firm noted that the company’s upside from “high-probability” data centers in Wyoming “seems too tempting to resist.” The analyst pointed out that the 1.8+GW Crusoe/Tallgrass project alone could provide an earnings boost of about 35%.
Although the pending merger of equals remains a short-term concern, the analyst believes that the downside risk is limited even if the deal does not go through. Scotiabank expressed confidence in the current “risk/reward” profile of the stock.
In its Q3 2025 earnings report, Black Hills Corporation (NYSE:BKH) outlined a five-year strategy that includes 500 MW of data center demand by 2029, supported by Microsoft’s continued expansion and Meta’s new AI data center, which is expected to shift from construction to full operation later this year. The company is also in discussions with several high-quality partners, growing its data center load pipeline from over 1 GW to more than 3 GW. This expansion is expected to drive meaningful earnings growth through its “innovative data center tariff” and targeted investments in new transmission and generation projects.
Black Hills Corporation (NYSE:BKH) is a customer-focused, growth-driven utility company committed to enhancing lives through energy, with a goal of becoming the energy partner of choice.
While we acknowledge the potential of BKH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Best DRIP Stocks to Own Right Now.
Disclosure: None.
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