NiSource: Positioned For Further Data Center-Powered Growth

Seeking Profits5.37K FollowersFollow5ShareSavePlay(9min)CommentsSummaryNiSource has a cap-ex program that is focused on projects with near-term recovery, reducing regulatory lags, and creating visible growth.Agreements with data center operators to fund the cost of their generation needs are enabling profitable capacity growth while alleviating customer inflation fears.With a solid balance sheet, strong dividend track record, and long runway for growth, NI remains a compelling opportunity. alacatr/iStock via Getty Images Shares of NiSource (NI) have been a solid performer over the past year, gaining about 17%. In my view, this utility is one of the best positioned to benefit from growing data center electricity usage. While there hasThis article was written bySeeking Profits5.37K FollowersFollowOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.