Should New Data Center Optimism and Analyst Upgrades Require Action From NiSource (NI) Investors?

KeyBanc recently initiated coverage on NiSource (NI) with an Overweight rating, joining other firms with positive views, emphasizing the utility’s exposure to growing data center power needs and supportive regulation. While these factors reinforce NiSource’s growth story, the company continues to manage a significant debt load and tight interest coverage. Investors should consider both the potential from data center demand and the ongoing risks associated with its leverage and funding requirements.