Alliant Energy enters $1 billion common stock distribution agreement
Alliant Energy announced a distribution agreement to sell up to $1 billion of common stock through various financial institutions, with proceeds intended for general corporate purposes including debt repayment and investments. This move comes as the company trades near its 52-week high, though InvestingPro analysis suggests it may be overvalued. Separately, Alliant Energy secured a $400 million term loan and received positive analyst coverage, with RBC Capital initiating an Outperform rating and Wolfe Research raising its price target.
https://m.investing.com/news/sec-filings/alliant-energy-enters-1-billion-common-stock-distribution-agreement-93CH-4572000?ampMode=1