Alliant Energy upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research analyst Steve Fleishman upgraded Alliant Energy (LNT) to Outperform from Peer Perform with a $68 price target The firm says Alliant shares have lagged peers year-to-date due to uncertainty around renewables tax credit provisions. However, with the passage of the “One Big Beautiful Bill” and Alliant’s safe harbor activities, the company’s renewables plan, including $1.5B of tax credits through 2028, is intact, the analyst tells investors in a research note. Wolfe views Alliant as a regulated data center winner and sees a good buying opportunity at current share levels.