Alliant Energy Corporation · LNT · FY2024 Q4 · Calendar Q1 2025
Alliant Energy pairs renewable growth with data-center expansion
The supplied analysis supports a constructive but conditional view: renewable expansion, data-center load, rate-base growth, and tax-credit monetization provide potential support, while financing, regulatory execution, and project timing remain material constraints.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Relative to the prior-quarter analysis, the supplied call analysis highlighted 2024 ongoing EPS of $3.04, up to 1.9 GW of data-center load, expanded renewable capacity, and 2025 EPS guidance of $3.15-$3.25. It also emphasized DOE loan guarantees, grants, and a refreshed capital plan.
Guidance delta
Management maintained its 2025 EPS guidance of $3.15-$3.25; no change versus the prior analysis was identified.
Key takeaways
- Management highlighted 2024 ongoing EPS of $3.04 and a 21st consecutive dividend increase.
- Renewable capacity reached 1.5 GW of solar and 1.8 GW of wind in the supplied analysis.
- Data-center load opportunities of up to 1.9 GW in Iowa and Wisconsin remain a central growth driver.
- Management expects 45%-50% of new capital spending to be equity-financed.
Management priorities
- Expand solar, wind, battery storage, and potential new gas generation
- Advance data-center projects and related capital planning
- Monetize federal tax credits and pursue DOE financing support
- Secure regulatory and rate approvals in Iowa and Wisconsin
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Mizuho | Neutral | Neutral | Maintain | Aug 3, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 4, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 15, 2026 |
| Argus Research | Hold | Buy | Downgrade | Jan 9, 2026 |
| UBS | Buy | Buy | Maintain | Dec 17, 2025 |
| B of A Securities | Buy | Buy | Maintain | Oct 17, 2025 |
| Jefferies | Buy | Buy | Maintain | Jul 11, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 7, 2025 |
| Guggenheim | Neutral | Neutral | Maintain | Feb 24, 2025 |
| Wells Fargo | Overweight | Overweight | Maintain | Nov 4, 2024 |
| Ladenburg Thalmann | Buy | Neutral | Upgrade | Aug 13, 2024 |
| Bank of America | Buy | Neutral | Upgrade | Jun 26, 2019 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Macquarie | Neutral | Outperform | Downgrade | Jan 24, 2017 |
| Wunderlich Securities | Hold | Hold | Maintain | May 4, 2015 |
| Wunderlich | Hold | Hold | Maintain | May 4, 2015 |
| Baird | Outperform | Neutral | Upgrade | Mar 25, 2015 |
| KeyBanc | Hold | Underweight | Upgrade | Sep 5, 2013 |
| DA Davidson | Buy | Buy | Maintain | Aug 5, 2013 |
| Bank oferica | Neutral | Neutral | Maintain | May 7, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $65.52. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Julien Dumoulin-Smith | $80 | $68.92 | +22.1% | Aug 27, 2026 |
| Mizuho Securities | Anthony Crowdell | $75 | $70.78 | +14.5% | Aug 3, 2026 |
| BMO Capital | Analyst unavailable | $83 | $75.98 | +26.7% | Jul 15, 2026 |
| Scotiabank | Andrew Weisel | $74 | $73.86 | +13.0% | May 4, 2026 |
| BMO Capital | Edward DeArias | $81 | $74 | +23.6% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $76 | $74.06 | +16.0% | May 4, 2026 |
| Wells Fargo | Analyst unavailable | $76 | $72.4 | +16.0% | Apr 21, 2026 |
| BMO Capital | Analyst unavailable | $79 | $72.77 | +20.6% | Apr 17, 2026 |
| Barclays | Nicholas Campanella | $74 | $72.3 | +13.0% | Apr 15, 2026 |
| BMO Capital | Analyst unavailable | $78 | $71.86 | +19.1% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $73 | $71.01 | +11.4% | Feb 23, 2026 |
| Wells Fargo | Analyst unavailable | $75 | $71.01 | +14.5% | Feb 22, 2026 |
| Barclays | Analyst unavailable | $67 | $67.28 | +2.3% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $71 | $67.34 | +8.4% | Jan 20, 2026 |
| UBS | Analyst unavailable | $75 | $65.26 | +14.5% | Dec 17, 2025 |
| Wolfe Research | Steve Fleishman | $76 | $69.47 | +16.0% | Dec 1, 2025 |
| Jefferies | Julien Dumoulin-Smith | $78 | $68.27 | +19.1% | Nov 24, 2025 |
| BMO Capital | Analyst unavailable | $71 | $67.6 | +8.4% | Oct 17, 2025 |
| Barclays | Analyst unavailable | $65 | $67.66 | -0.8% | Oct 14, 2025 |
| UBS | Analyst unavailable | $74 | $67.24 | +13.0% | Oct 10, 2025 |
| Wolfe Research | Steve Fleishman | $68 | $61.92 | +3.8% | Jul 7, 2025 |
| Jefferies | Julien Dumoulin-Smith | $71 | $63.16 | +8.4% | May 20, 2025 |
| BMO Capital | Analyst unavailable | $64 | $61.03 | -2.3% | Apr 22, 2025 |
| Wells Fargo | Neil Kalton | $66 | $61.08 | +0.7% | Oct 16, 2024 |
| Barclays | Nicholas Campanella | $61 | $59.67 | -6.9% | Oct 14, 2024 |
| Mizuho Securities | Anthony Crowdell | $61 | $60.19 | -6.9% | Oct 4, 2024 |
| Jefferies | Julien Dumoulin-Smith | $67 | $59.75 | +2.3% | Sep 19, 2024 |
| Bank of America Securities | Paul Cole | $63 | $57.61 | -3.8% | Aug 29, 2024 |
| Scotiabank | Andrew Weisel | $64 | $57.72 | -2.3% | Aug 20, 2024 |
| Scotiabank | Andrew Weisel | $58 | $55.32 | -11.5% | Aug 6, 2024 |
| BMO Capital | James Thalacker | $60 | $56.09 | -8.4% | Aug 6, 2024 |
| Barclays | Nicholas Campanella | $55 | $52 | -16.0% | Jul 11, 2024 |
| BMO Capital | James Thalacker | $53 | $48 | -19.1% | Apr 15, 2024 |
| Mizuho Securities | Anthony Crowdell | $55 | $55.21 | -16.0% | Jan 9, 2023 |
| Wells Fargo | Analyst unavailable | $65 | $58.81 | -0.8% | May 2, 2022 |
| Wolfe Research | Steve Fleishman | $65 | $58.81 | -0.8% | May 2, 2022 |
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Start freeCompany context
Snapshot as of publicationAlliant Energy Corporation functions as a utility holding company, specializing in the provision of regulated electricity and natural gas services. Its operational structure is divided into three principal segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Through its primary subsidiary, Interstate Power and Light Company (IPL), the corporation generates and distributes electricity, and manages the distribution and transportation of natural gas to retail customers throughout Iowa. IPL also markets electricity to wholesale buyers across Minnesota, Illinois, and Iowa, and generates and supplies steam in Cedar Rapids, Iowa. Similarly, its other subsidiary, Wisconsin Power and Light Company (WPL), is responsible for electricity generation and distribution, alongside natural gas distribution and transport, for retail clients within Wisconsin. WPL additionally sells wholesale electricity in Wisconsin.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-06T00:01:56.136176+00:00
- Polygon adjusted daily market bars · 2026-10-09T13:30:43.726175+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T13:30:43.723455+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.