Alliant Energy (LNT)

NASDAQUtilitiesRegulated ElectricSnapshot 2026-10-15

$68.32+1.82%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Alliant Energy’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.0%

+10% or more+5%0%−5%−10% or less

3.68 → 3.68 EPS · FY ending Dec 31, 2027 · 8 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 15, 2026 to Oct 15, 2026: (new ÷ prior − 1). Contributor count changed from 8 to 8; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

Three key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain dividend yield near 3% and continue share buybacks	It also supports shareholders with a 3% dividend yield and share buybacks.	Intact	Dividend yield falls significantly below 3% or buybacks stop	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
EPS in the range $3.36 to $3.46 for 2026	A primary condition in Alliant Energy's published investment case. The stated target is EPS between $3.36 and $3.46.	Intact	EPS guidance falls below $3.36 or above $3.46 for FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Alliant Energy consistently reaffirmed its consolidated ongoing EPS guidance for 2026 at $3.36 - $3.46. In 2026-Q2, management indicated earnings are trending in the upper half of this range. The trajectory matches management's guidance with ongoing EPS showing stability and alignment with forecast. Delivery assessment Oct 15, 2026
Revenue growth of about 5% per year	Alliant Energy keeps growing revenue about 5% a year.	Under Pressure	YoY revenue growth falls below 5% over next 4 quarters	Revenue growth: 1.04% FY2026-Q2; GAAP. Published target: >=5% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Jul 31, 20261.040583 percent · calculatedSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 19684cf6-e090-48dd-a707-c120d1639802. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$3.68

$3.69 → $3.68 · observed estimates

FY2027 revenue$4.60B

$4.78B → $4.60B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$3.69	$4,775,170,810	14 / 9
2026-07-25	$3.69	$4,775,170,810	14 / 9
2026-07-26	$3.68	$4,636,726,367	9 / 7
2026-07-27	$3.68	$4,636,726,367	9 / 7
2026-07-28	$3.69	$4,775,170,810	14 / 9
2026-07-29	$3.69	$4,831,067,160	14 / 8
2026-07-30	$3.69	$4,831,067,160	14 / 8
2026-07-31	$3.68	$4,636,726,367	9 / 6
2026-08-01	$3.68	$4,636,726,367	9 / 6
2026-08-02	$3.69	$4,831,067,160	14 / 8
2026-08-03	$3.69	$4,831,067,160	14 / 8
2026-08-04	$3.69	$4,831,067,160	14 / 8
2026-08-05	$3.68	$4,636,726,367	9 / 6
2026-08-06	$3.68	$4,636,726,367	9 / 6
2026-08-07	$3.68	$4,636,726,367	9 / 6
2026-08-08	$3.69	$4,831,067,160	14 / 8
2026-08-09	$3.69	$4,831,067,160	14 / 8
2026-08-10	$3.68	$4,636,726,367	9 / 6
2026-08-12	$3.68	$4,636,726,367	9 / 6
2026-08-13	$3.69	$4,831,067,160	14 / 8
2026-08-14	$3.68	$4,636,726,367	9 / 6
2026-08-15	$3.68	$4,636,726,367	9 / 6
2026-08-16	$3.68	$4,636,726,367	9 / 6
2026-08-17	$3.68	$4,636,726,367	9 / 6
2026-08-18	$3.68	$4,636,726,367	9 / 6
2026-08-19	$3.68	$4,636,726,367	9 / 6
2026-08-20	$3.68	$4,597,766,072	8 / 5
2026-08-21	$3.68	$4,597,766,072	8 / 5
2026-08-22	$3.68	$4,597,766,072	8 / 5
2026-08-23	$3.68	$4,597,766,072	8 / 5
2026-08-24	$3.68	$4,597,766,072	8 / 5
2026-08-25	$3.68	$4,597,766,072	8 / 5
2026-08-26	$3.68	$4,597,766,072	8 / 5
2026-08-27	$3.68	$4,597,766,072	8 / 5
2026-08-28	$3.68	$4,597,766,072	8 / 5
2026-08-29	$3.68	$4,600,337,501	8 / 5
2026-08-30	$3.68	$4,600,337,501	8 / 5
2026-08-31	$3.68	$4,600,337,501	8 / 5
2026-09-01	$3.68	$4,600,337,501	8 / 5
2026-09-02	$3.68	$4,600,337,501	8 / 5
2026-09-03	$3.68	$4,600,337,501	8 / 5
2026-09-04	$3.68	$4,600,337,501	8 / 5
2026-09-05	$3.68	$4,600,337,501	8 / 5
2026-09-06	$3.68	$4,600,337,501	8 / 5
2026-09-07	$3.68	$4,600,337,501	8 / 5
2026-09-08	$3.68	$4,600,337,501	8 / 5
2026-09-09	$3.68	$4,600,337,501	8 / 5
2026-09-10	$3.68	$4,600,337,501	8 / 5
2026-09-11	$3.68	$4,600,337,501	8 / 5
2026-09-12	$3.68	$4,600,337,501	8 / 5
2026-09-13	$3.68	$4,600,337,501	8 / 5
2026-09-14	$3.68	$4,600,337,501	8 / 5
2026-09-15	$3.68	$4,600,337,501	8 / 5
2026-09-16	$3.68	$4,600,337,501	8 / 5
2026-09-17	$3.68	$4,600,337,501	8 / 5
2026-09-18	$3.68	$4,600,337,501	8 / 5
2026-09-19	$3.68	$4,600,337,501	8 / 5
2026-09-20	$3.68	$4,600,337,501	8 / 5
2026-09-21	$3.68	$4,600,337,501	8 / 5
2026-09-22	$3.68	$4,600,337,501	8 / 5
2026-09-23	$3.68	$4,600,337,501	8 / 5
2026-09-24	$3.68	$4,600,337,501	8 / 5
2026-09-25	$3.68	$4,600,337,501	8 / 5
2026-09-26	$3.68	$4,600,337,501	8 / 5
2026-09-27	$3.68	$4,600,337,501	8 / 5
2026-09-28	$3.68	$4,600,337,501	8 / 5
2026-09-29	$3.68	$4,600,337,501	8 / 5
2026-09-30	$3.68	$4,600,337,501	8 / 5
2026-10-01	$3.68	$4,600,337,501	8 / 5
2026-10-02	$3.68	$4,600,337,501	8 / 5
2026-10-03	$3.68	$4,600,337,501	8 / 5
2026-10-04	$3.68	$4,600,337,501	8 / 5
2026-10-05	$3.68	$4,600,337,501	8 / 5
2026-10-06	$3.68	$4,600,337,501	8 / 5
2026-10-07	$3.68	$4,600,337,501	8 / 5
2026-10-08	$3.68	$4,600,337,501	8 / 5
2026-10-09	$3.68	$4,600,337,501	8 / 5
2026-10-10	$3.68	$4,600,337,501	8 / 5
2026-10-11	$3.68	$4,600,337,501	8 / 5
2026-10-12	$3.68	$4,600,337,501	8 / 5
2026-10-13	$3.68	$4,600,908,929	8 / 5
2026-10-14	$3.68	$4,600,908,929	8 / 5
2026-10-15	$3.68	$4,600,908,929	8 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	8	5
2026-06-01	9	5
2026-07-01	9	5
2026-08-01	9	5
2026-09-01	8	5
2026-10-01	8	5

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 8 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 16–Oct 15 · 1 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

RBC CapitalOct 14

$75.00New observation · no comparable prior

BMO CapitalOct 14 · prior Jul 15

$83.00 → $75.00-9.6%

BarclaysOct 13

$68.00New observation · no comparable prior

JefferiesOct 12 · prior Aug 27

$80.00 → $75.00-6.3%

$0$45.65$91.30

0 raises · 2 cuts · 0 unchanged · 2 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain dividend yield near 3% and continue share buybacksDirect metric needs a verified mapping
EPS in the range $3.36 to $3.46 for 2026Direct metric needs a verified mapping
Revenue growth of about 5% per yearPublished status: Under Pressure

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.8%Typical daily move · historical

Downside history

-19.0%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Alliant Energy outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a cautious view on a utility company with a focus on growth through data center agreements and energy projects. The current thesis state is mixed, as recent performance has been neutral with some headwinds in the sector.

What's priced into Alliant Energy

The market seems to have priced in a neutral valuation, with expectations slightly above the average. The company's execution quality is considered weak, but not to an extreme degree, suggesting a justified valuation compared to peers.

What the fundamentals likely do

Fundamentals are likely to remain stable, as management has reaffirmed earnings guidance for 2026 and is focused on growth initiatives. However, there is a low probability of missing earnings expectations, despite a history of recent misses.

What Alliant Energy hinges on

The thesis hinges on several factors, including the Federal Reserve's interest rate decisions and the performance of sector leaders. Additionally, any cuts to earnings guidance would negatively impact market perception and estimates.