NASDAQ:LNT   Alliant Energy Corporation
Alliant 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.

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