KeyBanc Reaffirms Sector Weight Rating on Northwestern Following Microsoft Data Center Announcement
KeyBanc maintains a Sector Weight rating on Northwestern Corp. (NASDAQ:NWE) after Microsoft's acquisition of land for a new data center in Wyoming. This development is expected to positively influence Northwestern's long-term earnings growth as it progresses towards merging with Black Hills Energy by the end of the year.
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KeyBanc has reiterated its Sector Weight rating for Northwestern Corp. (NASDAQ:NWE) following Microsoft's announcement of purchasing 1.295 hectares for a new data center in Wyoming. Northwestern's stock is trading at $73.28, close to its 52-week high of $73.82, and has seen a 33% return over the past year.
The merger with Black Hills Energy is expected to finalize by Q4 2026, contingent on necessary approvals. In Q4 2025, Northwestern reported earnings per share of $3.58, exceeding analyst expectations of $1.19, with revenue reaching $1.61 billion, surpassing projections of $413.15 million. These financial results have garnered investor interest.
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