LNT

In July 2026, Alliant Energy reported Q2 2026 GAAP EPS of $0.65, exceeding estimates, but revenue of $971 million missed expectations, a decrease from Q2 2025 due to increased operating, maintenance, financing, and depreciation costs. The company reaffirmed its 2026 consolidated ongoing EPS guidance of $3.36 - $3.46, trending towards the upper half. In August 2026, subsidiary Interstate Power and Light Company priced a $500 million debt offering for senior debentures due in 2031, increasing debt and capital expenditures. Around the same time, financial analysts adjusted ratings or lowered price targets, with BMO Capital Markets cutting its target from $80.00 to $78.00 and Mizuho reducing its target from $76.00 to $75.00. By October 2026, Alliant Energy's shares hit a new 52-week low of $62.54, attributed to a broader sell-off in utility stocks as the 10-year Treasury yield surged. Despite this, analysts generally maintained a 'Moderate Buy' rating with an average price target of $77.00, implying potential upside. The company also highlighted significant long-term demand from data center projects, expecting a 50% increase in peak energy demand by 2030.