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Alliant Energy
(NASDAQ:LNT)
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Rating:58Neutral
Price Target:
$72.00
â–¼(-3.92% Downside)
Action:Reiterated
Date:08/21/26
The score is held back primarily by constrained financial quality—persistently negative free cash flow alongside elevated and rising leverage—despite strong recent revenue growth and stable utility-like margins. Technical indicators also point to weak near-term momentum (negative MACD and sub-50 RSI with the stock below key moving averages). Offsetting these, the earnings call was constructive with reaffirmed guidance, a sizable demand-growth pipeline, and ongoing project execution, while the 3.04% dividend yield provides some valuation support.
Positive Factors
Regulated profitability
Strong revenue growth alongside stable net margins supports earnings resilience. Regulation permits recovery of prudent costs and authorized returns, providing a durable foundation for profitability despite normal weather and cost variability.
Negative Factors
Rising leverage
Rising leverage reduces financial flexibility as the company funds substantial infrastructure investment. Greater debt exposure can increase financing sensitivity and constrain resources available for future projects, dividends or unexpected costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated profitability
Strong revenue growth alongside stable net margins supports earnings resilience. Regulation permits recovery of prudent costs and authorized returns, providing a durable foundation for profitability despite normal weather and cost variability.
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
$18.01B
Dividend Yield3.11%
Average Volume (3M)2.36M
Price to Earnings (P/E)21.4
Beta (1Y)0.10
Revenue Growth6.83%
EPS Growth-2.08%
CountryUS
Employees2,948
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3.17
Shares Outstanding259,284,700
10 Day Avg. Volume2,401,839
30 Day Avg. Volume2,364,725
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$78.33Price Target Upside4.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.42
Revenue Forecast (FY)$4.41B
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 regulated utility operations. The core revenue stream is retail sales of electricity and natural gas to end-use customers in its service territories; customer bills generally include charges based on ...
Alliant Energy Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and commercial momentum: affirmed guidance, sizable data center pipeline (2–4 GW), multiple large projects under construction, meaningful capacity additions (several hundred MW to gigawatt-scale), and substantial progress on financing (≈75% of announced equity needs raised). Near-term headwinds include milder weather reducing margins (~$0.03/sh), higher O&M and financing/depreciation costs, regulatory/political noise and some project timing/lumpiness risk. On balance, the positive growth trajectory, project execution, and financing progress outweigh the manageable near-term challenges.Positive Updates
Solid Quarterly Earnings
Reported GAAP earnings of $0.65 per share for Q2 2026 and reaffirmed full-year 2026 earnings guidance; company stated it is currently trending in the upper half of the guidance range.
Negative Updates
Weather-Related Margin Headwind
Milder-than-normal temperatures reduced Q2 electric and gas margins by approximately $0.03 per share (compared with a $0.02 per-share benefit in the same period last year), creating a net year-over-year swing in weather impact.
Read all updates
Q2-2026 Updates
Positive
Negative
Solid Quarterly Earnings
Reported GAAP earnings of $0.65 per share for Q2 2026 and reaffirmed full-year 2026 earnings guidance; company stated it is currently trending in the upper half of the guidance range.
Read all positive updates
Company Guidance
Alliant reaffirmed its 2026 full‑year earnings guidance and said it is currently trending in the upper half of the range; Q2 GAAP EPS was $0.65, with milder‑than‑normal temperatures reducing electric and gas margins by about $0.03 per share (versus a $0.02 benefit in Q2 2025) while temperature‑normalized Q2 electric sales rose roughly 3% year‑over‑year. Management reiterated expected compound annual EPS growth of 7%+ for 2027–2029 and will update its CapEx/financing plan on the Q3 call; remaining 2026 financing plans include up to $800 million of long‑term debt (up to $300M at WPL, up to $500M at IPL), approximately $2.4 billion of announced common equity needs through 2029 (about $1.8B already raised via forward equity agreements, leaving ~ $500M to raise, excluding the share direct plan), and about $50M of DOE grants awarded. Execution and regulatory milestones supporting the outlook include placing 260 MW of generation enhancements in service, advancing a ~150 MW Bent Tree wind expansion into construction, filing generation certificates for 720 MW (Morgan Valley), 1.2 GW (Riverhawk), and ~125 MW of storage, starting construction on the 720‑MW Bobcat simple‑cycle and a 95‑MW RICE project, signing a 370‑MW ESA, having QTS energized >40 MW today, and a 2–4 GW pipeline of potential load that underpins a plan to drive ~60% demand growth by 2031 through five executed ESAs, with the company expecting higher revenues in 2027–2028 as loads ramp.Alliant Energy Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.43B | 4.36B | 3.98B | 4.03B | 4.21B | 3.67B |
| Gross Profit | 1.86B | 1.75B | 1.78B | 1.73B | 1.71B | 1.56B |
| EBITDA | 2.07B | 2.02B | 1.80B | 1.78B | 1.69B | 1.54B |
| Net Income | 817.00M | 810.00M | 690.00M | 703.00M | 686.00M | 674.00M |
Balance Sheet | ||||||
| Total Assets | 25.32B | 25.82B | 22.71B | 21.24B | 20.16B | 18.55B |
| Cash, Cash Equivalents and Short-Term Investments | 25.00M | 556.00M | 81.00M | 62.00M | 20.00M | 39.00M |
| Total Debt | 12.12B | 12.35B | 10.41B | 9.51B | 8.72B | 7.88B |
| Total Liabilities | 17.79B | 18.48B | 15.71B | 14.46B | 13.89B | 12.56B |
| Stockholders Equity | 7.53B | 7.33B | 7.00B | 6.78B | 6.28B | 5.99B |
Cash Flow | ||||||
| Free Cash Flow | -260.00M | -1.31B | -1.08B | -987.00M | -998.00M | -587.00M |
| Operating Cash Flow | 1.16B | 1.17B | 1.17B | 867.00M | 486.00M | 582.00M |
| Investing Cash Flow | -1.80B | -1.90B | -1.55B | -1.40B | -904.00M | -728.00M |
| Financing Cash Flow | 335.00M | 1.20B | 398.00M | 573.00M | 402.00M | 130.00M |
Alliant Energy Technical Analysis
Negative
74.94
Price Trends
72.95
Negative
72.27
Negative
69.43
Positive
Market Momentum
-0.94
Negative
39.56
Neutral
59.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNT, the sentiment is Negative. The current price of 74.94 is above the 20-day moving average (MA) of 70.62, above the 50-day MA of 72.95, and above the 200-day MA of 69.43, indicating a neutral trend. The MACD of -0.94 indicates Negative momentum. The RSI at 39.56 is Neutral, neither overbought nor oversold. The STOCH value of 59.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $28.73B | 7.36 | 22.06% | 4.34% | 10.74% | 42.37% | |
67 Neutral | $9.65B | 19.92 | 9.56% | 3.45% | 0.63% | -6.14% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | $21.90B | 20.20 | 11.02% | 2.98% | 9.93% | -1.74% | |
61 Neutral | $19.17B | 20.13 | 9.06% | 3.16% | 3.60% | 10.06% | |
60 Neutral | $12.04B | 18.30 | 9.04% | 3.44% | 5.69% | 6.83% | |
58 Neutral | $18.01B | 21.41 | 11.04% | 2.78% | 6.83% | -2.08% |
* Utilities Sector Average
LNT
Alliant Energy
67.86
2.91
4.48%
CMS
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68.27
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EIX
Edison International
71.59
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OGE
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45.62
1.71
3.89%
PNW
Pinnacle West Capital
97.36
9.42
10.71%
EVRG
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80.92
11.06
15.83%
Alliant Energy Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Alliant Energy Subsidiary Prices $500 Million Debt Offering
Positive
Aug 21, 2026
On August 18, 2026, Interstate Power and Light Company, a wholly owned Alliant Energy subsidiary, priced a $500 million public offering of 5.100% senior debentures due September 30, 2031, under an existing shelf registration. The issuance, expecte...
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...
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.