NASDAQ · STOCK
Black Hills Corporation
$71.27
52W $57.70 – $78.69
54/100
$5.42B
18.4
0.70
Is BKH Bullish or Bearish?
Mixed.
Innellis AI committee rates Black Hills Corporation (BKH) Watch with a composite score of 54/100
, based on 7 analysts with 43% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +5.57 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -14.43 from today. The band boundary is 45.0, 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 committee is genuinely divided. News Analyst sees a compelling case — news sentiment is positive (+0.43 across 7 articles, 14d). Growth Analyst remains cautious — eps declining -1.8% yoy despite any revenue growth. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.4x is a discount to asset value — Value
- Dividend yield of 3.9% pays you to wait — Value
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.43 across 7 articles, 14d) — News
Bear Case
- EPS declining -1.8% YoY despite any revenue growth — Growth
- 3 consecutive earnings misses -- execution concerns — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- RSI at 30 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- MACD histogram negative -- bearish momentum — Technical
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 July 31, 2026
Overall Committee Score
54/100
Agreement
43%
Analysts
7
Conviction
Contested
Sector Rank
Top 24%
of 45 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
29
/ 100 · High confidence
Growth story is weak, decelerating, or inconsistent
− EPS declining -1.8% YoY despite any revenue growth
Technical Analyst
bearish
38
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− RSI at 30 is in oversold territory (could mean either capitulation or a bounce setup)
Risk Analyst
bullish
70
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
71
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.43 across 7 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 2744.14)
Investment Thesis Evolution
Committee score weakened from 58.6 to 54.4.
- Recommendation changed from Buy to Watch.
- Committee agreement fell sharply from 71% to 43%.
- New bearish signals: 3 appeared.
- Bullish support removed: 4 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, Technical Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Technical Analyst: stance bullish->bearish; score 61->38 (-23); +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
24.6
Oversold
MACD Histogram
-0.404
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$67.52
Resistance
$71.34
Bollinger %B
-0.04
Below Lower Band
Price vs Moving Averages
EMA 9
$73.45
Below
EMA 21
$73.89
Below
EMA 50
$73.75
Below
EMA 200
$70.91
Above
Fundamental Analysis
Valuation
95
Growth
28
Profitability
0
Financial Health
33
Cash Flow
8
Valuation
P/E Ratio
18.4×
P/B Ratio
1.36×
PEG Ratio
-12.05
Dividend Yield
0.04%
52W High
$78.69
52W Low
$57.70
Quality & Growth
ROE
7.6%
ROA
2.7%
Gross Margin
35.7%
Operating Margin
23.3%
Revenue Growth YoY
—
Debt / Equity
1.18
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 -12.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.1%; Return on assets of 0.0%; Net margin of 0.1%; Gross margin of 0.4%; Current ratio of 0.65 (tight short-term liquidity); Debt-to-equity of 1.18; Free cash flow margin of -0.5% (thin cash generation); Free cash flow per share is negative (-4.14); Most recent quarter missed estimates by 3.7%; 3 consecutive earnings misses; EPS growth decelerating (+314.7% -> +27.0% QoQ); Analyst estimates rising over recent quarters
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