Analysts have raised their price target for NiSource from $43.91 to $44.60. They cited revised fair value estimates based on updated financial projections.
What's in the News
- NiSource received approval from the Indiana Utility Regulatory Commission for its NIPSCO Generation LLC (GenCo) declination petition. This is a strategic step to support the growing data center industry in Northern Indiana (Key Developments).
- GenCo will own, build and manage generation assets for large load customers, while protecting existing NIPSCO retail customers from costs linked to new data center projects (Key Developments).
- The establishment of GenCo strengthens NiSource's ability to make prudent investments, manage costs, and adapt quickly as energy markets evolve (Key Developments).
Valuation Changes
- The Fair Value estimate has risen slightly from $43.91 to $44.60.
- The Discount Rate remains unchanged at 6.78%.
- The Revenue Growth projection has decreased marginally from 3.49% to 3.46%.
- The Net Profit Margin forecast has edged down from 16.51% to 16.50%.
- The Future P/E ratio expectation has increased modestly from 23.02x to 23.42x.
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