Alliant Energy Corporation ($LNT) Stock Forecast: Down 5.2% Today

What is Alliant Energy Corporation?

LNT is a stock that represents Alliant Energy, a company in the energy sector. The overall market for energy stocks has been bearish today.

Why is Alliant Energy Corporation going down?

LNT stock is down 5.2% on Oct 2, 2023 18:30

• The bearish movement in LNT could be attributed to the news about the Department of Energy granting funding to long-duration energy storage projects. This indicates potential competition and investment in the sector, which might have led to a decrease in investor confidence in Alliant Energy's stock.

LNT Price Chart

LNT Technical Analysis

LNT News

Alliant, NextEra in line for part of $325M in DoE long-duration storage funding

The Department of Energy plans to grant $325M to 15 long-duration energy storage projects, benefiting companies like Alliant Energy, NextEra Energy, and Xcel Energy.

https://seekingalpha.com/news/4015528-alliant-nextera-in-line-for-part-of-325m-in-doe-long-duration-storage-funding?feed_item_type=news

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Alliant Energy Corporation Price History

02.09.2023 - LNT Stock was down 5.2%

• The bearish movement in LNT could be attributed to the news about the Department of Energy granting funding to long-duration energy storage projects. This indicates potential competition and investment in the sector, which might have led to a decrease in investor confidence in Alliant Energy's stock.