NiSource: Well-Positioned With Data Center Upside (Rating Upgrade)
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NiSource has been upgraded due to its strong performance, driven by data center demand and financial strength. The company plans significant capital expenditure to grow its rate base and earnings per share, with potential long-term returns enhanced by strategic equity issuance.
November 23, 2024 | 4:00 am
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NiSource has been upgraded due to its strong performance, driven by data center demand and financial strength. The company plans significant capital expenditure to grow its rate base and earnings per share, with potential long-term returns enhanced by strategic equity issuance.
NiSource's stock is likely to see a positive impact due to the upgrade and strong performance driven by data center demand. The company's $19.3 billion capex plan and strategic equity issuance are expected to enhance long-term returns, making it an attractive investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100