NiSource stock declined sharply with no identified quality news sources explaining the specific reason for the pullback. The stock fell approximately 3% in intraday trading, marking the second consecutive session of similar losses. This decline occurred despite the utilities sector, as measured by the XLU index, gaining roughly 0.6% during the same period. The broader S&P 500 also rose about 0.5% intraday. The pullback reversed recent sector-driven gains that NiSource had experienced through mid-February. No company-specific catalyst or announcement was identified in available news sources to account for the stock's underperformance relative to both its sector and the overall market.
Read full analysisNiSource stock declined sharply with no identified quality news sources explaining the specific reason for the pullback. The stock fell approximately 3% in intraday trading, marking the second consecutive session of similar losses. This decline occurred despite the utilities sector, as measured by the XLU index, gaining roughly 0.6% during the same period. The broader S&P 500 also rose about 0.5% intraday. The pullback reversed recent sector-driven gains that NiSource had experienced through mid-February. No company-specific catalyst or announcement was identified in available news sources to account for the stock's underperformance relative to both its sector and the overall market.
NiSource is a regulated utility holding company operating natural gas distribution and electric generation across several U.S. states, primarily through its NIPSCO and Columbia Gas subsidiaries. It recently secured a long-term contract to supply up to 2,400 MW to Amazon data centers by 2032, positioning it at the intersection of traditional utility infrastructure and AI-driven power demand. The stock's recent rally on that contract and Q4 earnings was flagged as low-conviction, making it vulnerable to the kind of sharp reversal now underway.