2024-07-23 08:28:25 ET
Summary
- Black Hills Corporation is a driving force behind Meta's data center in Wyoming, benefiting from increased demand for customized energy solutions.
- Black Hills offers an attractive dividend yield of 4.39% and a reasonable P/E ratio of 14.3, making it an appealing income-driven investment.
- Data center growth presents opportunities for utilities like Black Hills, including increased electricity sales growth, consistent revenue streams, and an enhanced customer base.
When it comes to the North American energy sector, there’s no doubt that one of the hottest trends is the increased demand for data centers. According to the folks at Jefferies , “many regulated utilities, grid planning organizations, and industry consultants are forecasting resurgent energy demand growth over the next decade”....
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Black Hills: An Attractive Dividend Play Dabbling In Data Centers