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Alliant Energy Corporation

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Alliant Energy’s first quarter earnings per share was lower than the Zacks Consensus Estimate as warmer winter in its service territories adversely impacted demand and earnings. The company has plans to invest substantially over the next ten years to add natural gas and renewable assets to its generation portfolio. These initiatives will help it achieve long-term earnings goal of 5–7%. Further, Alliant Energy will upgrade some of its coal facilities to meet environmental mandates and lower carbon emission from its generating plants by 40% in 2030 from the 2005 levels. Shares of the company have returned higher than the broader industry in the last six months. However, rising interest rates, unfavorable weather, stringent emission regulation, rising debt levels and dependence on third-party electric transmission systems remain headwinds.
 


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