Black Hills Corporation is a diversified energy company that provides electric and natural gas utilities to customers in several states across the United States
The company operates through various segments, offering services that include the generation, transmission, and distribution of electricity as well as the production and delivery of natural gas. Additionally, Black Hills invests in renewable energy projects, enhancing its commitment to sustainability and cleaner energy solutions. Through its operations, the company strives to deliver reliable energy services while supporting the communities it serves and fostering economic growth.
Analyst Ross Fowler reinstated coverage on 4 US utilities in Great Plains, reinstating Buy rating for EVRG, MDU, Neutral rating rating on OGE and Underperform for BKH. EVRG's improving regulatory environment makes it undervalued, while MDU's transition to regulated utility and pipeline operator justifies its 15% discount. OGE's execution and growth potential from data centers and crypto-mining load are offset by risks from challenging regulatory environment and capital investments. BKH's electric utility operations poised for growth, but $1.6B in debt maturities could create EPS headwind.
A heat wave will hit the US in 2024, one of the hottest years on record. 150 million Americans under heat warning. Several industries will be affected.
