BKH · NYSE · STOCK
Black Hills (BKH) Stock Analysis
$73.23
52W $58.06 – $78.69
62/100
$5.58B
18.4
0.69
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is BKH Bullish or Bearish?
Bullish.
Innellis AI committee rates Black Hills Corporation (BKH) Buy with a composite score of 62/100
, based on 6 analysts with 67% agreement.
Last updated September 05, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +13.11 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -6.89 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is news sentiment is positive (+0.40 across 5 articles, 14d). The main limiting factor is growth rate is decelerating quarter over quarter -- the trend line matters more than the level. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.4x is a discount to asset value — Value
- Dividend yield of 4.9% pays you to wait — Value
- MACD histogram positive -- bullish momentum — Technical
- News sentiment is positive (+0.40 across 5 articles, 14d) — News
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 05, 2026
Overall Committee Score
62/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 5%
of 56 Utilities peers
Value Analyst
bullish
70
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.4x is a discount to asset value
Growth Analyst
bearish
38
/ 100 · Moderate confidence
Growth story is weak, decelerating, or inconsistent
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
bullish
70
/ 100 · Moderate confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
70
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.40 across 5 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3059.07)
Investment Thesis Evolution
Committee score moved marginally from 61.9 to 61.9.
Comparing 2026-09-04 to 2026-09-05 (1 day apart).
Technical Analysis
RSI (14)
55.0
Neutral
MACD Histogram
0.007
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$71.79
Resistance
$73.87
Bollinger %B
0.55
Inside Bands
Price vs Moving Averages
EMA 9
$72.79
Above
EMA 21
$72.98
Above
EMA 50
$73.24
Below
EMA 200
$71.34
Above
Fundamental Analysis
Valuation
62
Growth
52
Profitability
47
Financial Health
34
Cash Flow
15
Valuation
P/E Ratio
18.4×
P/B Ratio
1.41×
PEG Ratio
73.12
Dividend Yield
3.80%
52W High
$78.69
52W Low
$58.06
Quality & Growth
ROE
762.6%
ROA
268.3%
Gross Margin
4291.9%
Operating Margin
2379.1%
Revenue Growth YoY
—
Debt / Equity
1.14
AI Fundamental Assessment
P/E ratio of 18.4 (inexpensive relative to a 15-40x range); Price-to-book of 1.4x; PEG ratio of 73.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 7.6%; Return on assets of 2.7%; Net margin of 13.0%; Gross margin of 42.9%; Current ratio of 0.52 (tight short-term liquidity); Debt-to-equity of 1.14; Free cash flow per share is negative (-4.02); Most recent quarter beat estimates by 33.7%; EPS growth decelerating (+27.0% -> -69.8% QoQ); Average YoY EPS growth of 42.1%; Analyst estimates falling over recent quarters
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