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Investing.com - Wolfe Research raised its price target on Alliant Energy (NASDAQ:LNT) to $72.00 from $68.00 on Monday, while maintaining an Underperform rating on the stock. The utility company, currently trading at $65.64 and near its 52-week high of $66.76, is considered overvalued according to InvestingPro’s Fair Value model.
The firm views Alliant Energy as deserving one of the higher multiples in the utility sector, citing its position as a regulated renewables leader and data center play. Approximately 27% of the company’s earnings come from wind and solar operations, making it one of the largest owner-operators of regulated renewables in the country relative to its $16.87 billion market cap. InvestingPro data shows the company has maintained dividend payments for 55 consecutive years, with a current yield of 3.09%.
Wolfe Research highlighted Alliant’s strong rate base growth trajectory of approximately 11%, supported by what it describes as constructive regulatory environments in Iowa and Wisconsin. The firm specifically noted IPL’s innovative rate case settlement that keeps base rates flat for five years while allowing the use of retained tax credits and energy margins to earn its authorized ROE.
The research firm pointed to Alliant’s existing agreements with data centers totaling 2.1 GW, which is expected to drive a sector-leading 9-10% electric sales compound annual growth rate over 2025-30. Additional opportunities representing approximately 800 MW are at various stages of exploration.
Despite the price target increase, Wolfe Research maintained its Underperform rating on the stock. The firm noted Alliant has approximately $1.4 billion in equity needs over 2025-28, representing about 8% of its market capitalization. InvestingPro subscribers can access additional insights, including 8 more ProTips and a comprehensive analysis of Alliant’s financial health metrics in the Pro Research Report.
In other recent news, Alliant Energy Corp reported its financial results for the second quarter of 2025. The company announced earnings per share (EPS) of $0.68, which exceeded the analysts’ forecast of $0.64. However, revenue for the quarter did not meet expectations, totaling $961 million compared to the anticipated $985.15 million. Despite this revenue shortfall, the company’s performance showed resilience. The stock’s pre-market activity reflected a positive response. These developments are part of the company’s recent activities.
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