Bank of America Securities analyst Ross Fowler has reiterated their bullish stance on LNT stock, giving a Buy rating on January 20.
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Ross Fowler has given his Buy rating due to a combination of factors, notably the expectation that Alliant Energy’s 2025 earnings per share will improve year over year and align with consensus forecasts, supported by higher authorized revenue requirements and favorable weather dynamics. He acknowledges that elevated depreciation, financing, and operations costs, along with the reversal of one-off benefits, temper some of the upside, yet the company still demonstrates an attractive earnings profile relative to peers.
Ross underscores potential catalysts stemming from the utility’s engagement with hyperscale customers, including Meta, and the evolving regulatory framework in Wisconsin that could unlock future large-load opportunities even after datacenter site changes. Additional support for the rating comes from ongoing asset additions, the advanced ratemaking docket for new Iowa wind projects, and a clear financing roadmap, which together underpin his $73 price objective even after a slight multiple reset.
In another report released on January 20, Wells Fargo also initiated coverage with a Buy rating on the stock with a $71.00 price target.