Core Insights - Black Hills Corporation (NYSE:BKH) is recognized as one of the 15 overlooked dividend stocks to consider for investment [1] - Scotiabank upgraded Black Hills from Sector Perform to Outperform, raising the price target from $66 to $81, highlighting the strong growth potential from data centers in Wyoming [2] - The analyst noted that the Crusoe/Tallgrass project could enhance earnings by approximately 35% [2] - Despite concerns regarding a pending merger, the downside risk is considered limited, and the current risk/reward profile of the stock is viewed positively [3] Financial and Strategic Developments - In its Q3 2025 earnings report, Black Hills outlined a five-year strategy targeting 500 MW of data center demand by 2029, supported by partnerships with Microsoft and Meta [4] - The company is expanding its data center load pipeline from over 1 GW to more than 3 GW, which is expected to drive significant earnings growth through innovative tariffs and investments in new projects [4] - Black Hills aims to enhance its position as a customer-focused, growth-driven utility company committed to becoming the energy partner of choice [5]