NiSource (NI), the Indiana-based utility company, is likely undergoing a shift in its growth model as it secures deals to supply power to data centers. Their GenCo strategy secured
IURC regulatory approval which could have drastic implications on the company’s growth. In line with its utilities peers,
NiSource’s stock recently reached an all-time high at 43.51 USD, indicating positive investor sentiments. Furthermore, the
revaluation shows shares could stand 27% above intrinsic value estimate.
BMO Capital’s maintained a positive Outperform rating and raised the target price to $47 along with Barclays and Jefferies also raising the stock price targets. Executive
Luhrs received a $2M stock award reflecting the company’s overall bullish performance.
NiSource seems to be faring well in comparison to other utilities companies, backed by strong
EPS growth and strategic investments. The company’s
Q2 earnings and revenues topped estimates aligning with the firm’s project earnings growth for 2025.
NiSource’s financial growth, potent data center deals, and regulatory approval suggests strong future prospects in the utilities sector.
Nisource NI News Analytics from Mon, 23 Dec 2024 08:00:00 GMT to Fri, 03 Oct 2025 10:26:37 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor -2
