LNT Stock Recent News

MADISON, Wis.--(BUSINESS WIRE)--Alliant Energy announced it successfully completed constructing its Grant County Solar Project. The 200-megawatt (MW) solar array in Potosi, Wisconsin, can generate enough electricity to power more than 50,000 homes annually. The project's completion is the culmination of Alliant Energy's multi-phase buildout of 12 utility-scale solar projects in Wisconsin totaling 1,089 MW. This investment in a more diverse energy generation mix created more than 2,700 jobs acro.

Alliant Energy's (LNT) first-quarter 2024 earnings and revenues decrease year over year. The company's retail electric and gas customers grow during the same period.

Alliant Energy's (LNT) first-quarter results are expected to benefit from new solar projects and higher capital investments. However, higher depreciation expenses might impact negatively.

MADISON, Wis.--(BUSINESS WIRE)--Alliant Energy Corporation (NASDAQ: LNT) has scheduled its first quarter 2024 earnings release for Thursday, May 2nd, after market close. A conference call to review the first quarter results is scheduled for Friday, May 3rd at 9 a.m. CT. Alliant Energy will webcast the event live at www.alliantenergy.com/investors. The call is open to the public and will be hosted by John Larsen, Executive Chairman, Lisa Barton, President and CEO; and Robert Durian, Executive Vi.

Alliant Energy (LNT) continues to benefit from its initiative to strengthen its existing operations and focus on adding clean assets to its portfolio.

Earlier this year, Alliant Energy delivered what will be its 21st consecutive year of dividend growth to shareholders via a 6.1% payout raise. The company came up short of the analyst consensus for both operating revenue and non-GAAP EPS, but growth prospects remain intact. Alliant Energy's issuer rating is A- from S&P on a stable outlook.

Alliant Energy has had a consistent track record of growing earnings, with adjusted EPS increasing at least 5% for 14 straight years. In 2023, Alliant Energy's adjusted EPS rose 5.5% year over year to $2.88 per share. For 2024, management sees adjusted EPS of $2.99-$3.13 per share, with a midpoint growth of around 6% to $3.06 per share.

Alliant Energy (LNT) continues to benefit from its initiative to strengthen its existing operations further and focus on adding clean assets to its portfolio.

Alliant Energy's (LNT) fourth-quarter 2023 earnings increase year over year. The company's retail electric and gas customers grow during the same period.

Alliant Energy (LNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).