Yahoo Finance report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
Why BKH Stock advanced +0.68% Today — RQD Quant Desk Flash
Black Hills Corporation (BKH) carries a Roarable Rating of D+ (Sell) with 53/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief)
Is BKH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Black Hills Corporation (NYSE: BKH) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 53/100 at a spot price of $82.01 (+0.68% 1D, market cap $6.25B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 17/20, Executive Insider Alignment 12/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 9/20. Across 117 tracked Utilities issuers, BKH ranks #53 in composite RQD confidence.
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief)
How does BKH compare to TXNM and ENIC in the Utilities sector?
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Within the Utilities sector (Electric Utilities: Central), BKH carries a Roarable D+ (53/100 RQD), trailing P/E of 21.3x, gross margin of —, and ROIC of 5.1%. By comparison, TXNM (TXNM Energy Inc.) holds a D+ grade (53/100 RQD, P/E 38.0x, ROIC 4.1%, cap $6.43B) and ENIC (Enel Chile S.A. (Each representing 50 shares of )) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $5.71B). Among the 5-stock peer group, POR leads on earnings multiple (12.0x) while POR leads on capital efficiency (6.1% ROIC).
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief)
What are the biggest fundamental strengths and SEC risk factors for BKH?
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Per BKH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001130464), Black Hills Corporation generated $2.29B in revenue (+9.0% YoY), $291.6M in net income, and -$146.4M in free cash flow against $10.87B in total assets and $4.70B in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
20D Institutional Volume Accumulation (±4.1% realized swing band)
Altman Z-Score 1.29 (DISTRESS RISK (<1.8)) • Piotroski F-Score 7/9
Capital intensity & 23.5% operating margin leave 15 pts on the table
⚔️ Adversarial Opposing Case: What Could Spark a BKH Turnaround Squeeze
While BKH currently carries a cautious 53/100 (D+) rating due to Cash Engine Quality (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Big institutional funds and options desks are actively positioning on the bullish side.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($74.54) and Max Pain ($86.11) forces dealer call-delta covering toward $94.59.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.80% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Why BKH Stock advanced +0.68% Today — RQD Quant Desk Flash
Black Hills Corporation (BKH) advanced +0.68% to $82.01, trading at 99% of its 52-week range ($63.79 – $82.15). Stretched risk/reward at 21x P/E (5% return on capital) under elevated 10-year interest-rate pressure.
- ▸Technical Tape: Trading at 99% of its 52-week range ($63.79 – $82.15) with RSI-14 at 72.2 (OVERBOUGHT (>70)).
- ▸Volatility Profile: Historical 20-day realized swing band of ±4.1% around $82.01 (no active unusual options sweep snapshot on file).
- ▸Fundamental Anchor: Roarable D+ (Sell) backed by 52% gross margin and $0 annual free cash flow.
The Motley Fool report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance UK report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
StockInvest.us report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BKH)
- ✓Walkthrough of BKH's RQD Radar, SEC cash-conversion gap & downside invalidation levels
- ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
- ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
BKH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +9.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on BKH today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for BKH. Explore sector supply chains on /butterfly.
📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BKH)
1. Head-to-Head Utilities Peer Comparison (BKH vs. TXNM, ENIC, ORA, POR)
Industry: Electric Utilities: Central (56 Tracked Issuers)Across 117 tracked Utilities securities in the Roarable RQD universe, Black Hills Corporation (BKH) ranks #53 by composite RQD confidence (53/100, grade D+) and #51 by equity capitalization ($6.25B). Within this direct 5-issuer industry benchmark cohort, POR leads on earnings valuation at 12.0x trailing P/E, while POR leads on capital efficiency and profitability with 6.1% ROIC and — gross margin. BKH currently leads its immediate peer cohort in composite quantitative strength at 53/100 (D+).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| BKH
ACTIVE
Black Hills Corporation | D+ | 53/100 | 21.3x | — | 5.1% | +0.68% | $6.25B | Benchmark Subject |
| TXNM TXNM Energy Inc. | D+ | 53/100 | 38.0x | — | 4.1% | -0.46% | $6.43B | /txnm-vs-bkh → |
| ENIC Enel Chile S.A. (Each representing 50 shares of ) | D | 45/100 | — | — | — | -2.36% | $5.71B | /enic-vs-bkh → |
| ORA Ormat Technologies Inc. | E | 31/100 | 44.7x | 27.6% | 3.4% | -2.74% | $5.52B | /ora-vs-bkh → |
| POR Portland General Electric Co | D- | 41/100 | 12.0x | — | 6.1% | +0.52% | $5.29B | /por-vs-bkh → |
2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)
SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001130464In its most recent audited fiscal period (FY2025, filed 2025-12-31), Black Hills Corporation (BKH) reported GAAP revenue of $2.29B (+9.0% vs. FY2024 revenue of $2.10B , and -0.7% cumulative change since FY2023) , GAAP net income of $291.6M, operating cash flow of $673.4M, and free cash flow of -$146.4M (-488.0% YoY). On the balance sheet, BKH closed FY2025 with $10.87B in total assets against $4.70B in total debt (Altman Z-Score: 1.29, Piotroski F-Score: 7/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $2.29B | $291.6M | $673.4M | -$146.4M | $10.87B | $4.70B |
| FY2024 (FY) | 2024-12-31 | $2.10B | $273.1M | $719.3M | -$24.9M | $10.02B | $4.25B |
| FY2023 (FY) | 2023-12-31 | $2.30B | $262.2M | $944.4M | $840.8M | $3.42B | $799.4M |
3. BKH Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)
✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLEDIs BKH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
As of 2026-11-03, Black Hills Corporation (NYSE: BKH) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 53/100 at a spot price of $82.01 (+0.68% 1D, market cap $6.25B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 17/20, Executive Insider Alignment 12/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 9/20. Across 117 tracked Utilities issuers, BKH ranks #53 in composite RQD confidence.
How does BKH compare to TXNM and ENIC in the Utilities sector?
Within the Utilities sector (Electric Utilities: Central), BKH carries a Roarable D+ (53/100 RQD), trailing P/E of 21.3x, gross margin of —, and ROIC of 5.1%. By comparison, TXNM (TXNM Energy Inc.) holds a D+ grade (53/100 RQD, P/E 38.0x, ROIC 4.1%, cap $6.43B) and ENIC (Enel Chile S.A. (Each representing 50 shares of )) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $5.71B). Among the 5-stock peer group, POR leads on earnings multiple (12.0x) while POR leads on capital efficiency (6.1% ROIC).
What are the biggest fundamental strengths and SEC risk factors for BKH?
Per BKH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001130464), Black Hills Corporation generated $2.29B in revenue (+9.0% YoY), $291.6M in net income, and -$146.4M in free cash flow against $10.87B in total assets and $4.70B in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Where is BKH trading relative to its 50-day, 200-day, and 52-week technical levels?
BKH last traded at $82.01 (+0.68% on volume of 1,327,876 shares), positioning the stock +10.02% above its 50-day simple moving average ($74.54) and +11.56% above its 200-day simple moving average ($73.51). Across its 52-week range of $63.79 to $82.15, BKH sits at the 99.2% percentile with a 14-day RSI of 72.2 (OVERBOUGHT (>70)) and an implied next-earnings move of ±4.1% ($78.65 to $85.37).
BKH Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDWhy is BKH stock moving today?
Why BKH Stock advanced +0.68% Today — RQD Quant Desk Flash. Stretched risk/reward at 21x P/E (5% return on capital) under elevated 10-year interest-rate pressure.
BKH — Black Hills Corporation: What the Facts Mean to a Prospective Investor
Roarable Rating Brief: What This Means to a Prospective Investor
Per the Roarable RQD rating, BKH scores 52 out of 100, a D+ grade labeled "Roarable Sell — Weak Fundamentals / Trim." The five pillars break down as follows:
- Fundamental Cash Engine (5 / 20): The weakest pillar. Per the Roarable RQD rating, ROIC is 5.1% and the FCF yield is -2.36%. For a prospective investor, this indicates the business is not currently converting capital into free cash flow at a level that supports the share price on a cash basis.
- Whale 13F Flow (17 / 20): The strongest pillar. Per the Roarable RQD rating, this reflects institutional accumulation and options positioning. This is a supportive signal, though it reflects positioning rather than underlying business economics.
- Insider Conviction (9 / 20): Per the Roarable RQD rating, SEC Form 4 and Congressional PTR cluster flow scored below midpoint, suggesting limited insider-driven conviction in the data.
- Macro Regime Fit (9 / 20): Per the Roarable RQD rating, beta is 0.49 and sector sensitivity is noted. A low beta implies lower market-sensitivity, which may appeal to defensive allocators, but the score signals limited regime-fit advantage.
- Forensic Balance Sheet (12 / 20): Per the Roarable RQD rating, Altman Z is 1.29, Piotroski F is 7/9, and Debt/Equity is 1.23. The Piotroski reading is comparatively solid; the Altman reading and leverage are the constraints.
Investor implications: the upside case rests mainly on institutional accumulation and the defensive, low-beta profile. The valuation tradeoff is that the stock trades at a P/E (TTM) of 21.3 against a weak cash-return profile (FCF yield -2.36%, ROIC 5.1%). The rating's "Trim" verdict reflects the view that fundamentals do not currently justify the price on the pillars measured.
Snapshot
Business
Black Hills Corporation (BKH) is a NYSE-listed issuer classified in the Utilities sector and the Electric Utilities: Central industry, per the profile section. The source data does not describe its specific products, customer base, or revenue mechanics beyond the sector and industry classification. Its market capitalization is $6.2B per the profile. Recent news items reference a deal to serve a planned Google data center in Wyoming, per the Recent Catalysts section, but the source data does not confirm the terms or scale of that arrangement.
Financial Trend
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $2286.2M | $537.5M | $291.6M | N/A | $-146.4M | $182.8M | $4701.1M |
| FY 2024 | $2098.0M | $503.1M | $273.1M | N/A | $-24.9M | $16.1M | $4250.2M |
| FY 2023 | $2301.7M | $472.7M | $262.2M | N/A | $840.8M | N/A | $799.4M |
Per the SEC financials, operating margin is 23.5% and net margin is 12.8%, while gross margin is reported as 0%. Per the market data, ROIC is 5.1%. Per the Roarable RQD rating, the Altman Z-Score is 1.29 and the Piotroski F-Score is 7/9. Debt/Equity is 1.23 per the Roarable RQD rating. Reported debt rose from $799.4M in FY 2023 to $4701.1M in FY 2025, and free cash flow was negative in the two most recent periods.
Recent Catalysts & News Wire Analysis
- Google data center deal (CATALYST, GREEN): Multiple headlines reference a $1.8B Google data center deal and a related share-price move. The headline reporting a 5% surge is tagged as a catalyst.
- Market-wire coverage (YELLOW): Several items from The Motley Fool, Yahoo Finance UK, StockInvest.us, and TradingView are tagged as market-wire reporting without a distinct catalyst classification.
- Price action: Per the market data, the stock moved 0.83% on the latest session with volume of 946,682.
- Butterfly signals: Per the Butterfly Supply-Chain Graph, the supply_chain field is NONE, no butterfly links are recorded, and no proprietary signals are present.
Risk watch items: the source headlines describe the rally, but the financials show negative free cash flow in FY 2025 and FY 2024, so the catalyst's cash-flow contribution is not established in the source data.
Butterfly Effect: 2nd-Order Supply-Chain & Sector Ripples
Per the Butterfly Supply-Chain Graph, no upstream or downstream dependencies, sector correlations, or bottleneck links are recorded (supply_chain: NONE; butterfly_links: empty). The source data therefore does not identify 2nd-order ripples. Investors should note that the Google-related headlines imply a customer-concentration dependency, but the source data does not quantify it.
Open Questions
- What are the terms, timing, and revenue contribution of the Google data center arrangement, and when would it show up in reported financials?
- What drove the increase in reported debt from $799.4M (FY 2023) to $4701.1M (FY 2025), and how is it being serviced given negative FCF?
- Why is EPS reported as N/A in every period despite positive net income, and what is the reconciled per-share earnings base?
- What explains the gap between the reported 0% gross margin and the 23.5% operating margin?
- Who are the institutional holders and insiders behind the 17/20 whale-flow and 9/20 insider-conviction scores?
BKH Live News Feed, Press Releases & Catalyst Wire
Real-time company headlines, analyst actions, and sector developments for Black Hills Corporation (BKH) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
The Motley Fool report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance UK report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
StockInvest.us report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Black Hills Corporation (BKH) market action, institutional positioning, and fundamental catalysts.
BKH Bull vs. Bear Conversation Board — What's Your Call at $82.01?
🔥 Official Bull vs. Bear Debate: Is BKH (D+ • RQD 52/100) a Buy at $81.46?
Welcome to the BKH (Black Hills Corporation) Roar Pit. Current RQD Composite is 52/100 (Roarable Sell — Weak Fundamentals / Trim) in Electric Utilities: Central. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Pump the brakes on BKH — check the valuation vs. margin headwinds
Everyone in here is repeating the bull case on BKH, but look at what you are paying: 21.3x trailing P/E with tightening sector spreads. Unless Black Hills Corporation expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
BKH cash flow & RQD setup is being underpriced by the Street here
Looking at the 5-pillar RQD breakdown on BKH, the market is fixating on short-term headline noise in Electric Utilities: Central and ignoring the balance sheet and cash flow trajectory. At $81.46 (52-wk range $62.27 - $82.15), any beat on forward guidance forces shorts and underweight funds to chase.