Alliant Energy, the Utilities sector company, was revisited by a Wall Street analyst yesterday. Analyst Steve Fleishman from Wolfe Research upgraded the rating on the stock to a Buy and gave it a $68.00 price target.
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Steve Fleishman has given his Buy rating due to a combination of factors that make Alliant Energy an attractive investment opportunity. The recent passage of the One Big Beautiful Bill has resolved uncertainties surrounding the company’s renewables tax credits, ensuring that its renewables plan, which includes approximately $1.5 billion in tax credits over 2025-28, remains intact. This clarity, combined with Alliant Energy’s safe harbor activities, positions the company well for future growth.
Furthermore, Alliant Energy is experiencing industry-leading sales growth, particularly in the data center sector, with a projected 10% sales CAGR over 2025-30. The company’s robust rate base growth, with a CAGR of around 11%, is among the highest in the sector, offering upside opportunities. Additionally, the constructive regulatory environment in Iowa and Wisconsin supports economic growth, aligning well with Alliant Energy’s strategic objectives. These factors, along with the company’s current trading at a modest premium below its historical average, present a compelling buying opportunity.