Jefferies raises Alliant Energy PT on data center growth, strong profit outlook

Alliant Energy

19/08/2025 13:26

** Jefferies raises price target for utility firm Alliant Energy LNT.O to $74 from $69

** New PT represents a 14.9% upside to the stock's last closing price on Monday

** Brokerage says PT raise is due to visibility and confidence in accelerated earnings per share growth, driven by incremental data center-related capital investments

** "LNT becoming among the most concentrated data center plays relative to system size in our regulated utility coverage, with significant visibility to future announcements even after QTS-Madison is confirmed in 2H25"- Jefferies

** Brokerage notes "spending will trend toward gas" for projects tied specifically to data center load as it is the "most credible" dispatchable resource on the market currently

** Brokerage says MISO capacity payments following the PJM auction result may boost earnings, but Inflation Reduction Acts and wind policy uncertainity pose risks

** Six out of 12 brokerages rate the stock "buy" or higher, 5 "hold" and 1 "sell"; their median PT is $69 - data compiled by LSEG

** As of last close, LNT shares up ~9% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))