NiSource Inc

NI sits in a Stage 3 bottoming phase with oversold conditions and mean-reversion eligibility, trading in a tight $41.00–$42.00 base around the 9/20 EMA cluster. Medium-term bias is bullish for a tactical entry, but execution should be deferred, stalking for a pullback into the EMA area or a decisive breakout above the 20-day EMA. A sustained close below $41.00 would invalidate this base and resume the downtrend.

• ↑$28.6B five-year capex underpins 9–10% annual EPS growth guidance.
• ↑Q2 revenue of $1.34B beat estimates; FY26 EPS guidance of $2.02–$2.07 aligns with consensus.
• ↓Q2 EPS fell to $0.09; net income dropped to $45.5M, highlighting margin pressure.