Alliant Energy Corp

Yesterday’s bullish medium-term bias was invalidated by a decisive support failure and breakdown of the HH/HL sequence, marking a transition into Stage 3 distribution. Active distribution with price below the 9/21 EMAs and rolling downtrend confirms a bearish medium-term posture. Short-term timing is neutral as price nears the 50 DMA, warranting deferred execution into a potential retest of the broken support zone for rejection. The long-term uptrend remains intact but faces risk of further degradation if distribution persists.

• ↑Forecasting 7% CAGR earnings through 2029, backed by five data center agreements totaling 3.4 GW demand
• ↑Capital plan of $13.4 B through 2029 focused on renewables and grid upgrades
• ↓Profitability factor negative, reflecting compressed margins from higher O&M costs