Alliant Energy (LNT) plans to invest $13.4 billion from 2026 to 2029 to enhance its renewable energy capabilities, including expanding battery storage and grid infrastructure. This investment aims to accommodate a projected 60% increase in peak electricity demand and supports long-term earnings growth of 5-7%. LNT recently received approval for the 150-megawatt Bent Tree North Wind Project in Wisconsin, further reducing fossil fuel reliance.
Additionally, LNT has secured five electric service agreements totaling 3.4 gigawatts of contracted demand, ensuring the necessary resources to meet this increase. The company’s trailing-12-month return on equity stands at 11.37%, outperforming the industry average of 11.21%. Over the past month, LNT’s shares have increased by 4.2%, compared to a 2.1% rise in the industry.
For 2026 and 2027, analysts predict year-over-year earnings per share increases of 6.52% and 7.29%, respectively. These strategic moves position Alliant Energy for sustained growth while addressing the rising demand for clean electricity.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
