Alliant Energy (LNT) PT Lowered to $69 at Jefferies

Jefferies analyst Julien Dumoulin-Smith lowered the price target on Alliant Energy (NASDAQ: LNT) to $69.00 (from $71.00) while maintaining a Buy rating.

The analyst comments "Tax credit certainty remains elusive as Monday's executive order clouds the renewables outlook. Current capital plan largely secured (~95% forecast tax credits in service/safe harbored pre-12/31/24) but FY29+ financing (and credit metrics) less clear. Further acceleration of data center and load remains key while 45Z extension positive for territories. Flexible resource processes and potential gas pivot are offsets."

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