Alliant Energy CorporationNasdaq: LNT
Utilities · Electric Utilities
$72.96
-0.44%
Vol: 95K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14Alliant Energy drew fresh analyst price-target increases from Scotiabank and BMO Capital amid data-center demand growth and a raised 2026 dividend target.Positive▶
Alliant Energy received recent price-target raises, with Scotiabank lifting its target to $74 from $72 and BMO Capital raising to $81 from $78, against a consensus Buy rating and an average target of $79.13 (~8.6% upside) from 13 analysts. The utility has raised its 2026 annual common dividend target to $2.14 per share from $2.03, and its IPL and WPL subsidiaries now hold 3 gigawatts of contracted data-center demand, a key growth driver. The stock trades near $73.46 with a ~$19B market cap, P/E ~23x and a 2.9% yield. This matters because surging data-center load underpins capital investment and rate-base growth for the regulated utility. The bear case: heavy capex requires regulatory approval on IPL/WPL rate cases, rising rates pressure utility valuations, and the modest implied upside leaves limited margin of safety.
May 21Alliant Energy signs new 370 MW data center deal in Iowa, bringing total contracted hyperscale demand to 3.4 GW; Scotiabank raises PT to $74Positive▶
Alliant Energy executed a new electric service agreement for ~370 MW with a hyperscale customer in Iowa in April, with full load ramp by 2030. The company now has five fully executed data center agreements totaling approximately 3.4 GW of contracted demand. Q1 2026 GAAP EPS was $0.87 vs $0.83 prior year, with ongoing EPS of $0.82 meeting estimates, and the company reaffirmed full-year ongoing EPS guidance of $3.36-$3.46. The Board declared a quarterly dividend of $0.5350 payable May 15. Scotiabank's Andrew Weisel raised the PT to $74 on May 4 while maintaining Sector Perform. Risk: a $163M tax benefit inflated the quarter's earnings, raising questions about underlying growth quality.
May 20Alliant Energy accelerates data center growth with 3.4 GW contracted demand and affirms 2026 EPS guidancePositive▶
Alliant Energy reported solid Q1 2026 with adjusted EPS of $0.82 in line with estimates, delivering about 25% of full-year guidance midpoint despite mild temperatures. The standout development is material acceleration of hyperscale data center load growth, with a new 370 MW Iowa service agreement bringing five executed contracts to 3.4 GW total—an over 60% uplift to system peak demand—requiring a 1.1 GW simple-cycle natural gas unit. Regulatory wins include Iowa's approval of 1 GW new wind at 9.8% ROE and Wisconsin's Ventre North wind project approval. The company completed $1.1B in debt refinancing with forward equity covering needs through 2027, and declared a $0.5350 quarterly dividend payable May 15. Management affirmed 2026 ongoing EPS guidance of $3.36-$3.46 and projects 7%+ CAGR for 2027-2029.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours. Earlier in May, Alliant reported Q1 2026 GAAP EPS of $0.87 (ongoing $0.82) and reaffirmed 2026 ongoing EPS guidance of $3.36-$3.46, supported by 3.4 GW of executed data center demand agreements.
May 18Alliant Energy secured 370 MW Iowa data center service agreement and received Scotiabank price target raise to $74 on May 4, 2026Positive▶
Alliant Energy signed a new 370 MW electric service agreement in Iowa, bringing total executed hyperscale data center contracts to approximately 3.4 gigawatts. Q1 2026 adjusted EPS of $0.82 matched expectations on revenue of $1.2B, up 5% YoY, and the company reaffirmed 2026 EPS guidance of $3.36-$3.46. Scotiabank analyst Andrew Weisel maintained a Sector Perform rating and raised the price target to $74 on May 4. The board declared a $0.5350 per share dividend payable May 15. Alliant also received clearance to build a 150-MW wind project in Freeborn County, Minnesota, with Iowa approving up to 1 GW of new wind generation.
May 15Alliant Energy declares $0.5350 dividend payable May 15 amid 3.4 GW contracted data center demand surgePositive▶
Alliant Energy's Q1 2026 GAAP EPS came in at $0.87 vs $0.83 prior year, with the company reaffirming full-year ongoing EPS guidance of $3.36-$3.46. The company signed a new ~370 MW electric service agreement in Iowa bringing total contracted data center demand to ~3.4 GW, more than 60% above current system peak. Scotiabank kept Sector Perform rating but raised price target to $74 on May 4. The $0.5350 quarterly dividend is payable May 15, 2026. LNT is up 11.2% YTD, outperforming the S&P 500. Risk: mild Q1 temperatures already cut electric/gas margins by ~$0.04/share.
May 14Alliant Energy receives multiple analyst price target hikes in May 2026 on data center demand momentum.Positive▶
Multiple analysts raised price targets on LNT in May 2026 including Scotiabank to $74, BMO Capital to $81, and Mizuho to $76. The company reported Q1 2026 ongoing EPS of $0.82 with strong progress on data center agreements driving over 60% peak demand growth, and reaffirmed full-year guidance with a flexible capital plan supporting continued investment. Average analyst rating is Buy with 12-month price target of $74.56. The board declared a quarterly dividend of $0.5350 per share payable May 15, 2026. The data center pipeline is significant given utility sector secular demand from AI workloads. Stock trades near 52-week highs around $72.47.
May 13Alliant Energy signed a 370 MW hyperscale data center agreement in Iowa, bringing contracted data-center demand to ~3.4 GW, and reaffirmed 2026 EPS guidance of $3.36-$3.46.Positive▶
Alliant Energy reported Q1 2026 GAAP EPS of $0.87 (vs $0.83 prior year) and ongoing EPS of $0.82, beating the $0.80 consensus despite mild temperatures. The company executed a new 370 MW electric service agreement with a hyperscale data center customer in Iowa, lifting total contracted hyperscale demand to roughly 3.4 GW (a 60%-plus uplift to system peak). The Iowa Utility Commission approved up to 1 GW of new wind generation, Wisconsin approved the 153 MW Ventre North wind project, and Minnesota cleared a 150 MW wind project in Freeborn County. The board declared a $0.5350 quarterly dividend payable May 15, 2026 (322 consecutive quarters since 1946). Scotiabank raised its price target to $74 from $72 on May 4. Risk: Q1 results included a one-time tax benefit that may have inflated the beat, raising questions about underlying earnings quality.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 11Alliant Energy reported Q1 2026 EPS of $0.82 (ongoing) on May 1 and signed a new 370 MW hyperscale data center agreement in Iowa, bringing contracted data center demand to ~3.4 GW.Positive▶
Alliant Energy reported Q1 2026 GAAP EPS of $0.87 and ongoing EPS of $0.82 on May 1, matching estimates. The company executed a new 370 MW electric service agreement with a hyperscale data center customer in Iowa, lifting total contracted data center load to about 3.4 GW. Iowa approved 1 GW of new wind at a 9.8% ROE, and the company completed $1.1B in debt refinancing. Management reaffirmed 7%+ EPS CAGR target for 2027-2029. Jefferies raised its price target citing favorable growth outlook. Risk: rapid load growth requires significant capex, including a new ~1.1 GW simple-cycle gas unit, increasing regulatory and execution risk.
May 8Q1 earnings beat $0.87 vs $0.79 est, 370MW data center deal, PT raised to $81 at BMOPositive▶
Alliant Energy reported Q1 2026 GAAP EPS of $0.87, beating expectations, driven by a major 370 megawatt hyperscale customer agreement in Iowa. The company has secured five fully executed data center agreements totaling 3.4 gigawatts of contracted demand. Reaffirmed 2026 EPS guidance of $3.36-$3.46. Multiple analysts raised price targets: Scotiabank to $74, BMO to $81, Mizuho to $76.
May 7Q1 earnings beat with 370MW data center contract; reaffirms 2026 guidance with 7%+ CAGR through 2029Positive▶
Alliant Energy reported Q1 2026 GAAP EPS of $0.87, beating estimates, and ongoing EPS of $0.82. The company secured a new 370-megawatt hyperscale data center agreement in Iowa, raising total contracted demand to 3.4 gigawatts with expected 50% peak demand growth by 2030. Fortified by $13.4B in planned capex and $1.1B debt refinancing, Alliant raised its 2026 dividend target to $2.14/share and reaffirmed 2026 guidance of $3.36-$3.46 EPS. Analysts raised price targets: Scotiabank to $74, BMO to $81, Mizuho to $76.
May 6Alliant Energy Q1 2026 EPS $0.82 ongoing meets guidance; raises analyst targets amid data center agreementsPositive▶
Alliant Energy reported Q1 2026 earnings of $0.87 GAAP EPS and $1.18 billion revenue. Ongoing EPS of $0.82 met estimates. Company reaffirmed 2026 EPS guidance of $3.36-$3.46 and plans $3 billion 2026 capex. Long-term EPS growth guidance 5-7% for 2027-2029. Strong data center agreement progress driving 60% peak demand growth. Multiple analyst price target increases announced in May: Scotiabank raised to $74, BMO to $81, Mizuho to $76. Consensus Buy rating with $74.56 price target. Board appointed new independent director.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| LNTALLIANT | $72.96 | -0.44% | +1.6% | 19.9x | 0.57 | $18.9B |
| SOSOUTHERN | $93.62 | -0.66% | +0.6% | 19.2x | 0.36 | $106.2B |
| CEGCONSTELLATION | $260.28 | -8.94% | +9.1% | 21.1x | 1.16 | $103.2B |
| DUKDUKE | $124.93 | +0.22% | +1.5% | 17.4x | 0.40 | $97.2B |
| AEPAMERICAN | $128.54 | -0.83% | +1.5% | 18.9x | 0.55 | $70.5B |
| ETRENTERGY | $110.28 | -1.77% | +2.5% | 22.3x | 0.53 | $51.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.