In a report released today, James Thalacker from BMO Capital reiterated a Buy rating on Nisource, with a price target of $49.00.
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James Thalacker’s rating is based on Nisource’s promising growth outlook and strategic initiatives. The company has reaffirmed its full-year guidance and introduced a positive earnings outlook for 2026, projecting a significant year-over-year increase. This growth is supported by a comprehensive five-year capital plan, which includes substantial investments in their GenCo segment, expected to drive earnings and rate base growth through 2033.
Additionally, the involvement of Blackstone with a minority interest in GenCo provides a strong financial backing, enhancing Nisource’s equity position. Despite initial market reactions, Thalacker views the company’s ability to convert data center opportunities into incremental earnings as a key differentiator. The above-average EPS growth and strategic investments position Nisource as a top pick in its sector, justifying the Buy rating.
In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $47.00 price target.