Alliant Energy CorporationNasdaq: LNT
Utilities · Electric Utilities
$74.13
+0.95%
Vol: 3.5M
Research Digest
Friday, May 1, 2026
Alliant Energy beats Q1 with FY26 guidance reaffirmed; stock hits all-time high on data center momentum
Q1 2026 EPS of $0.82 beat estimate of $0.81 while maintaining FY26 EPS guidance of $3.36-$3.46. Stock reached all-time high at $74.41 on data center growth strategy: QTS $10B investment, Google and Meta facilities in service territory. Company raised 4-year capex forecast 17% to $13.4B. Dividend yield 2.91%.
Previous Market Intelligence
13 daysApr 30Alliant Energy scheduled Q1 2026 earnings release for April 30 after market close with focus on data center growth and $13.4B capital spending boost.Positive▶
Alliant Energy scheduled Q1 2026 earnings release for April 30 after market close with conference call on May 1 at 9 a.m. CT. For 2025, the company reported GAAP EPS of $3.14 versus $2.69 prior year, with ongoing EPS of $3.22 versus $3.04. Alliant affirmed consolidated ongoing EPS guidance for 2026 of $3.36-$3.46, continuing 6%+ compound annual earnings growth. The company boosted four-year capex forecast 17% to $13.4 billion for data center expansion including $10 billion QTS project. Stock price around $72.31 with analyst consensus Buy rating and price target of $74.56 (5.07% upside).
Apr 29Alliant Energy raises price target to $79 at BMO and reaffirms 2026 EPS guidance of $3.36-$3.46 with upcoming Q1 earnings April 30.Positive▶
Alliant Energy has Q1 2026 earnings expected April 30, with analyst price target raises from BMO ($79) and Barclays ($74). The company reaffirmed 2026 ongoing EPS guidance of $3.36-$3.46, maintaining over 6% compound annual earnings growth. Declared quarterly dividend of $0.5350 payable May 15. Average analyst rating is Buy with 12-month target of $74.56.
Apr 16Reaffirms 2026 EPS guidance of $3.36-$3.46; AI data center demand drives capex increase to $13.4BPositive▶
Alliant Energy has confirmed 2026 EPS guidance of $3.36-$3.46 and increased its four-year capital expenditure forecast by 17% to $13.4 billion, driven by four Electric Service Agreements totaling 3 gigawatts with hyperscaler customers. Stock up 12.4% YTD. Q1 earnings scheduled for April 30 after market close.
Apr 15Alliant Energy reports 2025 earnings beat with $3.14 EPS, confirms 2026 guidance of $3.36-$3.46, reaffirming dividend aristocrat status.Positive▶
Alliant Energy announced full-year 2025 earnings per share of $3.14 versus prior-year $2.69, with ongoing EPS of $3.22 versus $3.04. The company confirmed 2026 ongoing EPS guidance of $3.36-$3.46, extending its track record of >6% compound annual earnings growth. Management plans $13.4 billion in capital investments from 2026-2029 to enhance reliability and increase renewable capacity. A new $400 million term loan facility supports corporate funding. Board appointed Manu Asthana as independent director.
Apr 14Alliant Energy reaffirms 2026 guidance and announces $1B equity raise for AI data center infrastructure.Positive▶
Alliant Energy announced a $1 billion at-the-market equity offering to fund data center and AI/cloud infrastructure investments, alongside governance changes including mandatory director retirement at age 70. Q1 earnings scheduled for April 30. The company plans $13.4 billion capex from 2026-2029 for energy reliability and renewable capacity expansion. Analyst consensus rates LNT as Moderate Buy with $75.44 average price target.
Apr 13Alliant Energy announced Q1 earnings April 30; planning $13.4B capex 2026-2029 to support AI data center growth.Positive▶
Alliant Energy Q1 2026 earnings release April 30 with conference call May 1. Awarded $638K in community grants. Launched $1B at-the-market equity offering to fund AI data center and cloud infrastructure. Planning $13.4B capex 2026-2029. Consensus Buy from 10 analysts with PT $73.67 (7.22% upside).
Apr 10Alliant Energy $1B Equity Raise for Data Center InfrastructurePositive▶
$1B equity offering for data center/AI infrastructure. 3 GW contracted data center demand. BMO target $78. RBC initiated Buy at $82.
Apr 9Alliant Energy posts 6% EPS growth in 2025; Q1 earnings due April 30Positive▶
Alliant Energy reported U.S. GAAP EPS of $3.14 for 2025, up from $2.69 in 2024. The company affirmed 2026 EPS guidance of $3.36-$3.46. A $1B equity offering funds AI data center infrastructure expansion targeting 3 GW of contracted demand. New governance changes include mandatory director retirement at 70 and 75% independent board target. Environmental opposition in Wisconsin and Iowa presents risk to expansion plans. Q1 earnings scheduled for April 30.
Apr 8Alliant Energy announces $1B at-the-market equity offering for AI/data center infrastructure.Positive▶
LNT announced $1B ATM equity offering for data center and AI infrastructure. Mandatory director retirement age 70. 9-day winning streak +6%. BMO raised PT to $78. Q1 earnings April 30.
Apr 7Alliant Energy Files $1B Equity Offering, Raises Data Center Capacity Amid Strong Growth ProjectionsPositive▶
Alliant Energy reported 6% EPS growth and $810M annual profit for 2025, affirming 2026 ongoing EPS guidance of $3.36-$3.46. Filed $1B at-the-market equity offering and secured $400M term loan facility. Increased contracted data center demand to 3GW (including 900MW ESA) and raised 2026-2029 capex forecast 17% to $13.4B. Dividend increased 5.4% to $2.14 target. 320+ consecutive quarters of dividend payments. P/E 23.19; Dividend yield 2.8%.
Apr 6Alliant Energy affirms 2026 guidance, data center demand surges to 3 GW, raises capex forecast 17%Positive▶
Alliant Energy reported 2025 GAAP EPS of $3.14 versus $2.69 in 2024, with ongoing EPS of $3.22 compared to $3.04 prior year. The company affirmed 2026 consolidated ongoing EPS guidance of $3.36-$3.46 and increased contracted data center demand to 3 GW. Capex forecast for 2026-2029 was raised 17% to $13.4 billion to support load growth. In March 2026, Alliant filed a $1 billion at-the-market equity offering. The company declared a quarterly dividend of $0.5350 per share, with 321 consecutive quarters of dividend payments since 1946. Stock is trading at 52-week high of $72.65 with 18.71% one-year return.
Apr 3Alliant Energy hits all-time high stock price amid 3 GW of contracted data center demand and 17% raise in 2026-2029 capex forecast to $13.4B.Positive▶
Alliant Energy surged 12.4% YTD fueled by AI data center demand. Executed four Electric Service Agreements totaling 3 GW with hyperscaler customers, supporting 50% projected peak demand growth by 2030. Raised 2026-2029 capex forecast 17% to $13.4 billion. Q4 2025 EPS of $0.60 beat estimates. 2026 EPS guidance $3.36-$3.46.
Apr 2Alliant Energy hits all-time high at $72.67 on data center growth; raises capex 17% to $13.4BPositive▶
Alliant Energy Corporation reached an all-time stock high of $72.67 on March 18, 2026, driven by 3 GW of contracted data center demand from hyperscale customers, with three of four projects already under construction. The company raised its 2026-2029 capital expenditure forecast by 17% to $13.4 billion to support AI data center load growth. Q4 2025 EPS of $0.60 beat estimates of $0.58 by 3.45%, and the company issued 2026 guidance of $3.36-$3.46 EPS. Stock price target consensus is $73.67 representing 7.22% upside.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| LNTALLIANT | $74.13 | +0.95% | +1.4% | 19.9x | 0.60 | $19.0B |
| CEGCONSTELLATION | $308.34 | -1.49% | +13.8% | 22.8x | 1.19 | $113.4B |
| SOSOUTHERN | $97.02 | +0.33% | -0.3% | 19.6x | 0.41 | $109.0B |
| DUKDUKE | $128.89 | -0.51% | -1.4% | 18.1x | 0.45 | $100.8B |
| AEPAMERICAN | $137.20 | +0.06% | +3.6% | 19.9x | 0.57 | $74.5B |
| ETRENTERGY | $116.83 | -0.92% | +2.9% | 23.6x | 0.56 | $54.0B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.