1. Amazon.com, Inc. (NASDAQ:AMZN)
Third Point’s Stake Value: $404,043,800
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Amazon.com, Inc. (NASDAQ:AMZN) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 23, Indiana-based utility company NiSource Inc. announced that the Indiana Utility Regulatory Commission (IURC) had approved key agreements that support its previously announced partnership with Amazon.com, Inc. (NASDAQ:AMZN) to power new large-scale data center development in northern Indiana. Amazon views the move as a major regulatory milestone for its infrastructure expansion in the state.
According to NiSource, the IURC’s June 17 approvals covered Amazon’s special electric service contract, the associated power purchase agreement, and the broader settlement agreement between the parties. Thus, the companies have cleared the full legal and regulatory framework needed to get Amazon’s data centers on the grid.
The regulator also approved NiSource’s proposed generation resources to support the project. The resources will provide the additional power capacity needed to meet Amazon’s electricity demand while maintaining grid reliability for existing customers, said NiSource.
This approval follows an earlier expansion of Amazon’s agreement with NiSource, announced on April 16, 2026. In this deal, NiSource expanded its existing agreement with Amazon Data Services, Inc., an Amazon subsidiary, with the aim of accelerating site energization and associated bill credits for residential customers sooner than originally planned. By June 5, NiSource had added another 400 megawatts of capacity to serve Amazon sites.
Amazon.com, Inc. (NASDAQ:AMZN) is a technology and retail company. It operates e-commerce marketplaces across multiple geographies, provides cloud computing services through Amazon Web Services, and offers digital streaming, advertising, and logistics services.
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