Alliant Energy (LNT) can sustain earnings above its expected 5% to 7% growth rate guidance as a strong data center pipeline improves its long term outlook, UBS Securities said in a note Tuesday.
UBS said the company's Q3 capital plan update, which added new data center commitments, supports a potential to sustain higher earnings for several years.
The firm expects an additional 400 megawatt of power could come online in 2028 to meet data center demand, with the company identifying additional sites to add capacity in the future.
UBS reiterated a buy rating on Alliant Energy and a $79 price target.
Price: 68.42, Change: +0.32, Percent Change: +0.47
Comments