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ALLIANT ENERDRN

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A1EN34 trade ideas

Stock ideaAlliant Energy Corporation LNT: Daily and 4h Charts indicate that the stock could be close to a potential breakout to the upper side. The stock has solid support level in the range $58 - $69, which could be low-risk entry point. The upside however looks attractive, especially if the stock would move above $65 - $66. Why could we expect positive moves in LNT? First, the company belongs to electric utilities industry, which is so far one of the top performing industries ytd. Second, with strong 1H/2022 financial results, LNT currently tracking toward the upper half of 2022 earnings guidance range of $2.67 to $2.81 per share. Third, seasonal demand for electricity and natural gas should serve as positive catalyst for the stock to move higher in the next months (ahead of winter season). In addition, LNT has sufficient liquidity; low short interest and dividend yield of 2.3%. And also positive rating on the stock market. Given high gas prices during July-August, we anticipate that LNT should demonstrate solid financial results for 3Q/2022, which are scheduled for release in November 2022. We consider LNT as a good bet for swing trading, especially if to catch the stock at an attractive entry point around $58 per share. Today’s weakness in natural gas price, could open an opportunity for a good entry into the stock.
NASDAQ:LNTLong
by IrinaTK
$LNT Alliant Energy Corp On breakout alertEntry level $54.67 = Tragte price $56.82 = Stop loss $54.00 Major breakout possible in the coming days Alert set for break above $54.50. Volume and indicators bullish. Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through two segments: Utility and Non-utility, Parent and Other. The utility segment consists of Interstate Power and Light Co. and Wisconsin Power & Light Co. The Interstate Power & Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in Iowa and southern Minnesota. The Wisconsin Power and Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin. The Non-utility, Parent and Other segment includes the operations of Resources and its subsidiaries, Corporate Services, the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments. The company was founded in 1981 and is headquartered in Madison, WI.
NASDAQ:LNTLong
by Bullishcharts