Archived explainer. For the current picture see today's BKH page.
Why Is BLACK HILLS CORP (BKH) Stock Up Today?
By the Top Tier Newswire AI Desk · October 7, 2026 at 10:01 AM ET · reviewed against 5 wire stories
BLACK HILLS CORP (BKH) is up +7.50% in the latest session. Our newswire has captured 5 stories on BKH across 5 sources in the last 36 hours, with AI sentiment reading bullish (avg 66/100).
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Why BKH stock is up today
Black Hills Corp. stock is up 7.50% to $76.05 in a sharp intraday move driven by the announcement of a long-term power agreement with Google. The deal, effective Sept. 30, 2026, and running through 2048, involves providing up to 590 MW of grid-connected energy service to a planned data center in Cheyenne, Wyoming. The company is investing $1.8 billion in new natural gas generation to support the project, which is expected to generate $2.4 billion of unlevered free cash flow net of the capital investment.
What Happened
Black Hills Corp. disclosed the agreement through a Form 8-K filing on October 6, 2026. The company signed definitive agreements to serve Google’s planned data center in Cheyenne, Wyoming, with the power service expected to run for over two decades. The deal includes the development of new generation capacity and a long-term revenue stream for the company. The agreements are part of a larger strategy to expand its energy infrastructure and secure long-term contracts with major technology firms. The stock opened with a 3.3% gap up and reached a session high of $76.22 at 9:35 AM ET.
What The Data Shows
The stock’s intraday performance shows strong early momentum, with volume at 0.5 million shares, or 0.6 times the 3-month daily average. The market cap is $5.4 billion, with a P/E ratio of 17.8 and a dividend yield of 3.99%. The 52-week range is $59.91 to $78.69, and the stock has printed six fresh 52-week highs on October 7. The company affirmed its FY2026 GAAP EPS guidance of $4.25 to $4.45, and its Q2 adjusted EPS of $0.54 beat estimates.
What To Watch
Investors should monitor the company’s upcoming earnings report and how the new Google contract impacts future guidance. Analysts from B of A Securities and BMO Capital have also recently updated their price targets, suggesting continued interest in the stock’s long-term potential.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
BKH · today's session (5-min) · +7.90% vs prior close · updated 3:33 PM ETAI sentiment, last 36h · averaged over 5 stories · 66/100 bullish
The headlines behind the move
Story flow · 5 stories on the wire, last 36h · hover or tap a dot for the headline
8h agoMarketChameleonBULLISH 67Product/PR
Black Hills and Google Sign Through-2048 Cheyenne Data Center Power Deal Targeting $150 Million Net Income in 2030
October 7, 2026
Black Hills Corp. said it signed definitive agreements effective Sept. 30, 2026, running through 2048, to serve Google’s planned Cheyenne, Wyoming data center with up to 590 MW of grid-connected energy service while managing about 2.1 GW of third-party contracted resources through a private microgrid. The company plans to invest $1.8 billion in 2027–2029 to build 564 MW of new natural gas generation and expects the project to begin contributing to earnings in 2027, reaching approximately $150…
22h agoInvesting.com MarketsBULLISH 71M&A
Black Hills stock surges 5% on $1.8B Google data center deal
Black Hills stock surges 5% on $1.8B Google data center deal
22h agoSeeking AlphaBULLISH 73Product/PR
Black Hills surges on deal to serve planned Google data center in Wyoming
Black Hills said it signed agreements through 2048 to serve Google
Black Hills Corp. Executes Definitive Agreements to Serve Google’s Planned Data Center in Cheyenne, Wyoming
Investing $1.8 billion in new company-owned natural gas generation Providing up to 590 megawatts (MW) of grid-connected energy service and managing 2.1 gigawatts (GW)...
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