Is Alliant Energy Stock Underperforming the Nasdaq?
With a market cap of $16.8 billion, Madison, Wisconsin-based Alliant Energy Corporation (LNT) is a regulated utility holding company that provides electric and natural gas services across Iowa and Wisconsin through its subsidiaries, Interstate Power & Light and Wisconsin Power & Light.
Companies valued at more than $10 billion are generally considered “large-cap” stocks, and LNT fits this criterion perfectly. With a focus on expanding generation capacity and upgrading its utility infrastructure, Alliant Energy is investing to meet rising electricity demand while maintaining reliable service.
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Alliant Energy has faced mounting pressure in recent months. Shares of LNT have declined 18% from its 52-week high of $78.81 touched on July 7, and have decreased 11.7% over the past three months, lagging behind the Nasdaq Composite’s ($NASX) 6.5% surge over the same time frame.
The weakness extends beyond the recent pullback. LNT stock is down marginally on a YTD basis, trailing NASX’s 17.2% gain. Moreover, shares of the electric and gas utility parent company have climbed marginally over the past 52 weeks, compared to NASX’s nearly 20.7% return over the same time frame.
From a technical perspective, the picture has also weakened, with shares trading below both their 50-day and 200-day moving averages since late July and early August, respectively, signaling sustained downward pressure.
Alliant Energy’s Q2 2026 results delivered a mixed performance, sending shares down 1.5% after the July 30 report. Its EPS fell 4.4% year over year to $0.65, while revenue edged up 1% to $971 million. The earnings pressure was partly offset by higher revenue requirements at both Interstate Power & Light and Wisconsin Power & Light, supported by rate-base growth and investments in generation and energy storage. Higher temperature-normalized electricity and gas sales also provided a lift.
Looking ahead, Alliant maintained its 2026 ongoing EPS guidance of $3.36–$3.46, with results tracking toward the upper half of the range. The company is also advancing three data-center projects and expanding its energy infrastructure, positioning itself for an expected 60% increase in electricity load by 2031.
Within the competitive utility arena, Alliant Energy stock has trailed its rival NextEra Energy, Inc. (NEE), which has climbed 9.6% over the past 52 weeks.
Despite the stock’s recent pullback, analysts remain cautiously optimistic. LNT carries a “Moderate Buy” consensus from 13 analysts. The mean price target of $77.79 implies 20.4% upside from the current market price.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com