All You Need to Know About Alliant Energy (LNT) Rating Upgrade to Buy

Core Viewpoint - Alliant Energy (LNT) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates and potential stock price increase [1][2][15] Earnings Estimates - Analysts have raised their earnings estimates for Alliant Energy, with the Zacks Consensus Estimate increasing by 0.2% over the past three months [5] - For the fiscal year ending December 2024, Alliant Energy is expected to earn $3.08 per share, reflecting a 9.2% increase from the previous year [9] Zacks Rating System - The Zacks Rank system classifies stocks based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [10][15] - The Zacks rating system has a strong track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [4] Market Implications - The upgrade in Zacks Rank suggests that Alliant Energy's improving business trend could lead to higher stock prices as investors respond positively [3][15] - There is a strong correlation between earnings estimate revisions and near-term stock price movements, influenced by institutional investors [7][8]