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Alliant Energy
(NASDAQ:LNT)
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Rating:61Neutral
Price Target:
$76.00
â–²(4.35% Upside)
Action:Reiterated
Date:05/22/26
The score is held back primarily by weak cash conversion (persistently negative free cash flow) and elevated leverage/financing dependence. Offsetting this, the latest earnings call was constructive with reaffirmed guidance, a 7%+ multi‑year growth outlook, and strong data-center contracting, while technicals are mildly supportive and valuation is mid-range with a moderate dividend.
Positive Factors
Stable regulated profitability
As a rate-regulated utility, Alliant produces consistently high operating margins (net ~17%, EBITDA mid-40%) that reflect recoverable costs and allowed returns. That steady profitability underpins durable cash generation from core operations and supports multi‑year earnings resilience despite cyclical weather or commodity swings.
Negative Factors
Persistently negative free cash flow
Deeply negative free cash flow across periods indicates capital spending materially exceeds operating cash generation. That structural cash deficit forces reliance on external financing to fund growth and maintenance capex, increasing refinancing, dilution and execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable regulated profitability
As a rate-regulated utility, Alliant produces consistently high operating margins (net ~17%, EBITDA mid-40%) that reflect recoverable costs and allowed returns. That steady profitability underpins durable cash generation from core operations and supports multi‑year earnings resilience despite cyclical weather or commodity swings.
Read all positive factors
Alliant Energy Key Performance Indicators (KPIs)
Any
Revenue by Type
Shows how revenue is generated across different types of services or products, highlighting the company's core strengths and diversification in its business model.
Shows how revenue is generated across different types of services or products, highlighting the company's core strengths and diversification in its business model.
Data provided by:
The Fly
The FlyAlliant Energy (LNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.85B
Dividend Yield3.11%
Average Volume (3M)2.50M
Price to Earnings (P/E)22.9
Beta (1Y)0.13
Revenue Growth8.34%
EPS Growth10.00%
CountryUS
Employees2,998
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3.19
Shares Outstanding258,277,040
10 Day Avg. Volume2,671,225
30 Day Avg. Volume2,499,086
Financial Highlights & Ratios
PEG Ratio1.21
Price to Book (P/B)2.28
Price to Sales (P/S)3.83
P/FCF Ratio-12.72
Enterprise Value/Market Cap1.62
Enterprise Value/Revenue6.91
Enterprise Value/Gross Profit18.20
Enterprise Value/Ebitda14.89
Forecast
1Y Price Target
$78.14Price Target Upside7.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.42
Revenue Forecast (FY)$4.40B
Alliant Energy Business Overview & Revenue Model
Company Description
Alliant Energy Corporation functions as a utility holding company, specializing in the provision of regulated electricity and natural gas services. Its operational structure is divided into three principal segments: Utility Electric Operations, Ut...
How the Company Makes Money
Alliant Energy makes most of its money through rate-regulated utility operations. Its core revenue streams come from (1) selling electricity to retail customers—recovering approved costs of generation (including fuel and purchased power), transmis...
Alliant Energy Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveys a largely positive operational and strategic momentum driven by strong data center contracting (3.4 GW contracted, new 370 MW ESA), reaffirmed 2026 guidance, proactive financing (retired $1.1B maturities, $400M term loan, sales-of-receivables increase) and a favorable multi-year earnings outlook (7%+ CAGR 2027–2029). Headwinds are present but appear manageable: mild weather trimmed margins (~$0.04/share), O&M and financing costs rose, regulatory timing and local pushback in Wisconsin create execution risk, and meaningful remaining capital needs (~$1B equity and up to $800M debt planned) require continued access to markets. Overall, positive execution and strategic positioning outweigh the near-term operational and financing challenges.Positive Updates
Solid Quarterly Earnings
First-quarter GAAP earnings of $0.87 per share and ongoing earnings of $0.82 per share; Q1 ongoing earnings represented approximately 25% of the midpoint of full-year 2026 guidance despite mild weather.
Negative Updates
Weather Headwind to Margins
Mild temperatures in the quarter reduced electric and gas margins by approximately $0.04 per share (vs. $0.03 reduction in prior year), a ~$0.01 larger negative impact year-over-year (≈33% greater impact).
Read all updates
Q1-2026 Updates
Positive
Negative
Solid Quarterly Earnings
First-quarter GAAP earnings of $0.87 per share and ongoing earnings of $0.82 per share; Q1 ongoing earnings represented approximately 25% of the midpoint of full-year 2026 guidance despite mild weather.
Read all positive updates
Company Guidance
Management reaffirmed 2026 full‑year earnings guidance and reported Q1 GAAP and ongoing earnings of $0.87 and $0.82, respectively, with first‑quarter ongoing results representing roughly 25% of the midpoint of full‑year guidance; weather reduced margins by about $0.04 per share (vs $0.03 last year) and ongoing earnings excluded a $0.05 deferred tax remeasurement benefit. They reiterated a long‑term earnings outlook of 7%+ CAGR for 2027–2029, confirmed execution of a new 370 MW electric service agreement (full ramp by 2030) and five total data center ESAs (~3.4 GW contracted demand, three projects under construction, >60% increase vs current peak), and disclosed a contract for up to 1.1 GW of simple‑cycle capacity (in service 2031) plus an active 720 MW CT Iowa docket. On financing, they retired $1.1 billion of 2026 maturities (including a $400 million term loan), plan up to $800 million more long‑term issuance in 2026 (up to $300M WPL / $500M IPL), increased IPL’s sales‑of‑receivables capacity from $110M to $180M, raised ~$1.3B of ~ $2.4B expected common equity needs (leaving ~ $1.0B to 2029), filed a $1.0B ATM, and noted an S&P upgrade of IPL to A‑; on regulation they cited Iowa approval for up to 1 GW of new wind at a blended ROE of 9.8% and Wisconsin approval of a 153 MW wind project, with multiple dockets and decisions expected over the next 12 months.Alliant Energy Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
44
Neutral
Cash Flow
36
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.42B | 4.36B | 3.98B | 4.03B | 4.21B | 3.67B |
| Gross Profit | 1.68B | 1.75B | 1.78B | 1.73B | 1.71B | 1.56B |
| EBITDA | 2.05B | 2.02B | 1.80B | 1.78B | 1.69B | 1.54B |
| Net Income | 821.00M | 810.00M | 690.00M | 703.00M | 686.00M | 674.00M |
Balance Sheet | ||||||
| Total Assets | 24.81B | 25.82B | 22.71B | 21.24B | 20.16B | 18.55B |
| Cash, Cash Equivalents and Short-Term Investments | 115.00M | 556.00M | 81.00M | 62.00M | 20.00M | 39.00M |
| Total Debt | 11.84B | 12.35B | 10.41B | 9.51B | 8.72B | 7.88B |
| Total Liabilities | 17.39B | 18.48B | 15.71B | 14.46B | 13.89B | 12.56B |
| Stockholders Equity | 7.42B | 7.33B | 7.00B | 6.78B | 6.28B | 5.99B |
Cash Flow | ||||||
| Free Cash Flow | -1.03B | -1.31B | -1.08B | -987.00M | -998.00M | -587.00M |
| Operating Cash Flow | 1.29B | 1.17B | 1.17B | 867.00M | 486.00M | 582.00M |
| Investing Cash Flow | -1.89B | -1.90B | -1.55B | -1.40B | -904.00M | -728.00M |
| Financing Cash Flow | 687.00M | 1.20B | 398.00M | 573.00M | 402.00M | 130.00M |
Alliant Energy Technical Analysis
Positive
72.83
Price Trends
73.04
Positive
71.93
Positive
68.69
Positive
Market Momentum
1.26
Negative
68.00
Neutral
80.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNT, the sentiment is Positive. The current price of 72.83 is below the 20-day moving average (MA) of 74.22, below the 50-day MA of 73.04, and above the 200-day MA of 68.69, indicating a bullish trend. The MACD of 1.26 indicates Negative momentum. The RSI at 68.00 is Neutral, neither overbought nor oversold. The STOCH value of 80.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LNT.
Alliant Energy Risk Analysis
Alliant Energy disclosed 23 risk factors in its most recent earnings report. Alliant Energy reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alliant Energy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $19.02B | 21.58 | 8.69% | 3.72% | 1.99% | 0.63% | |
66 Neutral | $10.20B | 21.88 | 9.47% | 3.82% | 4.11% | -6.40% | |
66 Neutral | $12.40B | 18.99 | 9.34% | 4.15% | 4.84% | 5.77% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $18.85B | 22.89 | 11.24% | 3.11% | 8.34% | 10.00% | |
58 Neutral | $22.67B | 19.92 | 12.35% | 3.10% | 13.31% | 6.97% | |
58 Neutral | $27.66B | 7.48 | 21.54% | 5.68% | 13.14% | 30.35% |
* Utilities Sector Average
LNT
Alliant Energy
78.03
17.97
29.91%
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PNW
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109.37
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26.20%
EVRG
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31.73%
Alliant Energy Corporate Events
Executive/Board ChangesShareholder Meetings
Alliant Energy Shareholders Back Board, Pay and Auditor
Positive
May 21, 2026
At its May 20, 2026 annual meeting, Alliant Energy shareowners elected four directors—Patrick Allen, Manu Asthana, Ignacio Cortina and Michael Garcia—to terms ending in 2029, reinforcing continuity in the company’s board leadersh...
Business Operations and StrategyPrivate Placements and Financing
Alliant Energy Establishes $1 Billion Stock Distribution Program
Positive
Mar 19, 2026
On March 19, 2026, Alliant Energy entered into a $1 billion common stock distribution agreement with a syndicate of major banks acting as agents and forward purchasers, enabling it to sell shares from time to time on the Nasdaq Global Select Marke...
Private Placements and Financing
Alliant Energy Secures New $400 Million Term Loan Facility
Positive
Mar 4, 2026
On March 2, 2026, Alliant Energy Corporation entered into a term loan credit agreement with a syndicate of lenders led by U.S. Bank National Association, securing a $400 million term loan facility with an incremental option of up to $100 million m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.