CluenexAlliant Energy LNT
Alliant Energy scores weak on business quality (4.5 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Alliant Energy does
Alliant Energy generates and distributes electricity and natural gas to regulated utility customers in the Midwest. Ratepayers fund these operations through state-approved utility tariffs.
- What it does best
Alliant operates a high gross margin business at 93.1 percent, placing it in the top decile of its sector. This compares favorably to peers like NRG at 19.7 percent, benefiting from protected utility monopolies that prevent customer churn.
- The main risk
Growing demand still has to earn its cost of capital as capital expenditures ramp up. If regulators push back on rate increases, returns on invested capital will lag behind mounting debt costs.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 22.1 percent while free cash flow margin is deeply negative due to heavy capex. Profitability remains constrained by massive infrastructure spending relative to cash generation.
The utility franchise model locks in regional consumers through exclusive service territories. Sitting in the top decile for gross margin at 93.1 percent, its moat relies on regulatory barriers that block rivals.
Revenue grew 9.6 percent to $4.4B, ticking up from recent historical averages. Demand is climbing, but heavy spending is required to sustain this expansion pace.
Debt-to-equity sits at 1.7 with interest coverage at 2.2x, making debt servicing tight. Free cash flow is negative $1.3B driven by $2.4B in capex, creating a soft financial baseline.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $0K outside pre-planned sales.
Our sealed record on LNT
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Alliant Energy scores weak on the Cluenex quality check (4.5 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: 1 sold $0K outside pre-planned sales.
Oct 29, 2026, after the close.
See LNT today
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Cite this page: Cluenex, “Alliant Energy (LNT)”, https://cluenex.com/stocks/lnt/, data as of Oct 10, 2026.