Alliant Energy Draws Analyst Confidence on Data Center Growth

Snack-Sized Version:

Recent Alliant Energy analyst ratings highlight growing institutional confidence in the utility’s strategic direction. On November 24, 2025, Jefferies Financial Group reaffirmed its “Buy” rating and raised its price target to $78.00, citing the company’s expanding data center footprint. Alliant Energy has identified 3 gigawatts of potential data center demand, a key driver for its increased capital expenditure plan. This bullish sentiment follows the company’s recent earnings report and updated long-term guidance. Alliant Energy Corporation continues to position itself as a key infrastructure player.

Read the Full Meal:

Alliant Energy Corporation (NASDAQ:LNT) is capturing market attention with its aggressive pivot toward supporting digital infrastructure. Following its Q3 earnings, Jefferies Financial Group updated its outlook on November 24, reinforcing a “Buy” rating and lifting the price target to $78.00. The core thesis revolves around Alliant’s substantial opportunity to power data centers, with management outlining a 3-gigawatt pipeline of potential demand. To support this growth, the company has increased its five-year capital expenditure forecast by 17% to $13.4 billion, signaling a robust commitment to grid modernization and capacity expansion. Check the Alliant Energy News Hub for ongoing updates.

Infrastructure and Growth Thesis

• Capital allocation: The increased $13.4 billion CapEx plan prioritizes renewable generation and grid hardening to meet rising load requirements.
• Growth drivers: The 900 MW Energy Supply Agreement and broader 3 GW pipeline for data centers are primary revenue catalysts.
• Margins: Regulatory outcomes in Wisconsin and Iowa will be crucial for converting these investments into authorized returns.
• Risks: Execution risk on large-scale projects and interest rate sensitivity remain factors to watch.

Quick links

• Sources: Alliant Energy Newsroom.
• IR hub: SEC filings

Why this can matter for LNT holders

• Continuity: The updated guidance and affirmed ratings suggest stability in the core utility business model.
• Cycle timing: Alliant is positioning itself early to capitalize on the secular trend of increasing electricity demand from tech and AI.
• Multiple support: A higher growth rate from data center exposure could justify a premium valuation multiple compared to peers.

What to watch next

1. Official filing: Look for upcoming 8-K filings detailing any new large-scale customer agreements.
2. Next event: Q4 earnings expected in February 2026.
3. Board, governance, or roadmap: Updates on state regulatory approvals for the new CapEx projects will be critical.

Mini FAQ

What is the new price target?
Jefferies has set a price target of $78.00.

Why is the stock being upgraded?
Optimism surrounding the company’s ability to serve growing data center energy needs.