Barclays has revised its rating for Alliant Energy (LNT, Financial), lowering it from "Equal Weight" to "Underweight." The investment firm's updated price target for the company is now $61, an increase from the previous target of $59.
The downgrade comes as Barclays identifies potential hurdles in Alliant Energy's ambitious plan to expand its renewable energy capacity. According to analyst Nicholas Campanella, there are multiple risks that could impede the successful execution and sustainable growth of these renewable projects.
One of the primary concerns highlighted is the impact of rising tariffs, which could adversely affect the financial viability of upcoming projects. The analyst's perspective underscores potential challenges that may arise in implementing Alliant Energy's vision for renewable energy, leading to the revised outlook.
