In real estate, the mantra is location, location, location. That’s the principle behind the recent surge in NiSource (NYSE: NI) stock. NiSource is a utility company that has suddenly become one of the darlings of the analyst community. In fact, despite the firm being up 15% in 2026, KeyCorp just raised its price target for NI. But is it setting a ceiling or a floor?
At a surface level, NiSource is an average regulated utility that delivers natural gas and electricity to residential, commercial, and industrial customers. But the company has found itself in high demand as the data center buildout pushes into the nation’s heartland.
