Alliant Energy (LNT)
NASDAQ:LNT
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Alliant Energy
(NASDAQ:LNT)
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Rating:62Neutral
Price Target:
$76.00
â–²(4.81% Upside)
Action:ReiteratedDate:03/20/26
The score is mainly constrained by weak cash generation (consistently negative free cash flow) and rising leverage, despite strong regulated-utility profitability. Technicals are supportive (positive trend and momentum), while guidance and data-center-driven growth targets provide upside but depend on execution, financing, and regulatory timing. Valuation and dividend are moderate, not a major tailwind.
Positive Factors
Regulated rate base and rate stability
Alliant’s regulated utility model and explicit commitment to hold Iowa base rates flat while earning authorized ROE make revenue and return recovery durable. Rate-making mechanisms and tax-credit use reduce volatility of cash flows and support predictable recovery of capital investments over multi-year horizons.
Negative Factors
Persistently negative free cash flow
Sustained negative free cash flow means current operations and earnings do not self-fund the company’s elevated capex program. This structural cash shortfall forces reliance on external capital, increases financing costs over time, and constrains balance-sheet flexibility during economic or rate-setting stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated rate base and rate stability
Alliant’s regulated utility model and explicit commitment to hold Iowa base rates flat while earning authorized ROE make revenue and return recovery durable. Rate-making mechanisms and tax-credit use reduce volatility of cash flows and support predictable recovery of capital investments over multi-year horizons.
Read all positive factors
Alliant Energy (LNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.80B
Dividend Yield3.11%
Average Volume (3M)2.00M
Price to Earnings (P/E)20.6
Beta (1Y)0.14
Revenue Growth7.76%
EPS Growth23.48%
CountryUS
Employees2,998
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.60
Shares Outstanding258,276,500
10 Day Avg. Volume1,581,320
30 Day Avg. Volume1,995,658
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 Cap1.62
Enterprise Value/Revenue6.98
Enterprise Value/Gross Profit17.40
Enterprise Value/Ebitda15.07
Forecast
1Y Price Target
$75.14Price Target Upside3.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.42
Revenue Forecast (FY)$4.34B
Alliant Energy Business Overview & Revenue Model
Company Description
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company,...
How the Company Makes Money
Alliant Energy makes most of its money through rate-regulated utility operations. Its core revenue streams come from (1) selling electricity to retail customers—recovering approved costs of generation (including fuel and purchased power), transmis...
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 Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial picture: consistent multi-year EPS growth (10-year CAGR 6.3%), exceeded ongoing 2025 EPS targets, sizable contracted data center load (3 GW) and a clear pipeline (2–4 GW upside), key regulatory wins, and an on-track ~$13.4B capital plan. Challenges include higher O&M and development costs, two modest non-recurring charges totaling $0.08 per share, remaining equity needs (~$1.3B), refinancing and timing risks, and ongoing local/regulatory uncertainty in Wisconsin that prompted the QTS relocation. On balance, the company emphasized execution, flexibility (rapid pivot on QTS), and tools to preserve tax credits and rate stability, while acknowledging manageable near-term cost and timing headwinds.Positive Updates
Consistent Earnings Growth
Ten-year compound annual EPS growth of 6.3%; ongoing 2025 EPS growth of 6% (ongoing EPS improved by $0.18 year-over-year). 2025 temperature impacts contributed approximately +$0.03 per share (versus -$0.15 per share in 2024). Company affirmed 2026 earnings guidance and expects compound annual earnings growth of 7%+ for 2027–2029.
Negative Updates
Rising Operating and Development Costs
Higher operating and maintenance expenses tied to planned generation maintenance and additions, plus higher generation development costs. Increased depreciation and financing associated with expanding capital investments partially offset earnings gains.
Read all updates
Q4-2025 Updates
Positive
Negative
Consistent Earnings Growth
Ten-year compound annual EPS growth of 6.3%; ongoing 2025 EPS growth of 6% (ongoing EPS improved by $0.18 year-over-year). 2025 temperature impacts contributed approximately +$0.03 per share (versus -$0.15 per share in 2024). Company affirmed 2026 earnings guidance and expects compound annual earnings growth of 7%+ for 2027–2029.
Read all positive updates
Company Guidance
Alliant affirmed 2026 earnings and dividend guidance and reiterated a 2027–2029 compound annual earnings growth target of 7%+, while reporting a ten‑year EPS CAGR of 6.3% and ongoing 2025 EPS growth of 6% (ongoing EPS improved $0.18 vs 2024; 2025 temperature impacts added ~$0.03 vs a ~$0.15 headwind in 2024; 2025 ongoing results exclude a $0.05 Travero charge and a $0.03 deferred tax remeasurement). For 2026 the company assumes roughly 1% retail sales growth (inclusive of data center construction sales), higher earnings from growing capital investments (four‑year consolidated capex roughly $13.4 billion for 2026–2029), and higher O&M, depreciation and financing costs, and expects to utilize investment tax credits from storage placed in service in 2025–2026 to help earn its authorized Iowa electric ROE while keeping Iowa base rates flat through the end of the decade. Operationally it closed 2025 with four executed ESAs totaling 3 GW of peak load (about a 50% projected demand increase), completed 275 MW of energy storage, and maintains a financing plan that contemplates up to $1.2 billion of 2026 long‑term debt issuance (up to $400M parent, $300M WPL, $500M IPL), the retirement of a $300M term loan and roughly $2.4 billion of expected common equity needs through 2029 (≈$1.0B already secured via forward equity; ≈$1.3B remaining). Regulatory highlights supporting the outlook include no active rate reviews in 2026, IUC approval of a 720‑MW simple‑cycle Bobcat and a 94‑MW RICE, a pending IUC decision on up to 1 GW of wind advanced rate‑making, Wisconsin dockets covering ~430 MW of wind and an LNG storage proposal, an Iowa ICR filing for the relocated QTS planned in 2026, and an expected Q2 decision on the Beaver Dam ICR.Alliant Energy Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
57
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.36B | 3.98B | 4.03B | 4.21B | 3.67B |
| Gross Profit | 1.75B | 1.78B | 1.73B | 1.71B | 1.56B |
| EBITDA | 2.02B | 1.80B | 1.78B | 1.69B | 1.54B |
| Net Income | 810.00M | 690.00M | 703.00M | 686.00M | 674.00M |
Balance Sheet | |||||
| Total Assets | 25.82B | 22.71B | 21.24B | 20.16B | 18.55B |
| Cash, Cash Equivalents and Short-Term Investments | 556.00M | 81.00M | 62.00M | 20.00M | 39.00M |
| Total Debt | 12.35B | 10.41B | 9.51B | 8.72B | 7.88B |
| Total Liabilities | 18.48B | 15.71B | 14.46B | 13.89B | 12.56B |
| Stockholders Equity | 7.33B | 7.00B | 6.78B | 6.28B | 5.99B |
Cash Flow | |||||
| Free Cash Flow | -1.31B | -1.08B | -987.00M | -998.00M | -587.00M |
| Operating Cash Flow | 1.17B | 1.17B | 867.00M | 486.00M | 582.00M |
| Investing Cash Flow | -1.90B | -1.55B | -1.40B | -904.00M | -728.00M |
| Financing Cash Flow | 1.20B | 398.00M | 573.00M | 402.00M | 130.00M |
Alliant Energy Technical Analysis
Positive
72.51
Price Trends
70.50
Positive
68.13
Positive
66.21
Positive
Market Momentum
0.71
Negative
61.02
Neutral
82.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNT, the sentiment is Positive. The current price of 72.51 is above the 20-day moving average (MA) of 71.63, above the 50-day MA of 70.50, and above the 200-day MA of 66.21, indicating a bullish trend. The MACD of 0.71 indicates Negative momentum. The RSI at 61.02 is Neutral, neither overbought nor oversold. The STOCH value of 82.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $29.15B | 5.07 | 27.18% | 5.68% | 4.43% | 123.35% | |
66 Neutral | $24.45B | 19.63 | 12.33% | 3.10% | 10.96% | -0.77% | |
66 Neutral | $19.25B | 19.53 | 8.47% | 3.72% | 0.11% | -0.52% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $12.52B | 17.22 | 8.91% | 4.15% | 5.70% | -8.25% | |
62 Neutral | $18.80B | 20.63 | 11.22% | 3.11% | 7.76% | 23.48% | |
59 Neutral | $10.20B | 31.15 | 9.89% | 3.82% | 18.03% | 29.46% |
* Utilities Sector Average
LNT
Alliant Energy
72.51
12.63
21.09%
CMS
CMS Energy
78.45
7.08
9.92%
EIX
Edison International
72.39
18.38
34.03%
OGE
OGE Energy
48.60
5.49
12.73%
PNW
Pinnacle West Capital
102.63
12.56
13.94%
EVRG
Evergy
82.45
17.32
26.59%
Alliant Energy Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Alliant Energy Establishes $1 Billion Stock Distribution Program
Positive
Mar 19, 2026
On March 19, 2026, Alliant Energy entered into a $1 billion common stock distribution agreement with a syndicate of major banks acting as agents and forward purchasers, enabling it to sell shares from time to time on the Nasdaq Global Select Marke...
Private Placements and Financing
Alliant Energy Secures New $400 Million Term Loan Facility
Positive
Mar 4, 2026
On March 2, 2026, Alliant Energy Corporation entered into a term loan credit agreement with a syndicate of lenders led by U.S. Bank National Association, securing a $400 million term loan facility with an incremental option of up to $100 million m...
Business Operations and StrategyExecutive/Board Changes
Alliant Energy Adds Manu Asthana to Board of Directors
Positive
Jan 8, 2026
On January 5, 2026, Alliant Energy Corporation and its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, expanded their boards of directors from 10 to 11 members and appointed Manu Asthana, former Pres...
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.