Alliant Energy Corp

NASDAQ:LNT

Heavier-than-expected regulatory scrutiny in Iowa and Wisconsin could result in lower allowed returns on equity, limiting Alliant’s ability to smoothly pass rising infrastructure costs to customers and eroding future earnings growth rates.

A continued slowdown in regional industrial activity, especially in the agricultural and manufacturing sectors of the Midwest, could curtail electricity demand, undermining Alliant’s revenue projections and rate base expansion plans.

Strong support from state regulators for clean energy investments in Iowa and Wisconsin provides greater earnings visibility, as Alliant’s capital expenditures are more likely to be recovered through stable rate structures.

The utility’s disciplined cost controls and strategic divestment of older coal assets have bolstered its credit profile, enabling Alliant to maintain competitive financing for ongoing infrastructure upgrades and delivering dependable dividend growth.