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Nick Amiccuci

Vice President and Senior Equity Analyst at Evercore

Nick Amicucci is a Vice President and Senior Equity Analyst at Evercore ISI Group, specializing in equity research within the utilities, energy, and basic materials sectors. He currently covers approximately 20 publicly traded companies, including Dominion Energy, Public Service Enterprise Group, Bloom Energy, Centrus Energy, and Hubbell Incorporated, with a consistent track record highlighted by a 62-70% success rate and average returns of 13–17% on his ratings. Amicucci began his analyst career prior to 2023 and joined Evercore ISI, where he has quickly gained recognition for his performance and has ranked among the top equity analysts on platforms like TipRanks and MarketBeat. He holds relevant professional credentials, including FINRA registration and securities licenses required for senior research professionals in investment banking.

Nick Amiccuci's questions to NISOURCE (NI) leadership

Question · Q3 2025

Nick Amiccuci from Evercore asked if approximately $0.08 per gigawatt (GW) is a reasonable rule of thumb for EPS accretion from Genco. He also inquired whether the EPC contract with Quanta is scalable beyond the initial 3 GW and if NiSource expects to provide incremental savings to end consumers as Genco grows.

Answer

CFO Shawn Anderson stated that no incremental guidance on EPS per gigawatt can be provided due to varying technology choices and construction timelines. EVP Michael Luhrs and CEO Lloyd Yates confirmed that the EPC partnership is structured for scalability to execute subsequent projects faster. CEO Lloyd Yates affirmed that the objective is to continue flowing back savings to retail customers as new customers utilize the transmission grid, enhancing affordability.

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