Alliant Energy initiated with an Outperform at RBC Capital

RBC Capital analyst Stephen D’Ambrisi initiated coverage of Alliant Energy (LNT) with an Outperform rating and $82 price target The firm sees conservatism in the company’s outlook and believes it offers greater leverage than peers to incremental data center announcements. Alliant also has exposure to a “best-in-class regulatory framework” in Iowa, the analyst tells investors in a research note. RBC’s 2029 earnings estimates for Alliant are above consensus.