Alliant Energy stock saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
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Is Alliant Energy Stock A Buy?
Alliant Energy stock is currently forming a flat base, with a 65.47 entry. Look for the stock to break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The utility stock earns an 87 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 87% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company reported 13% earnings growth. Sales were flat, matching the prior quarter's 0%.
Alliant Energy stock holds the No. 3 rank among its peers in the Utility-Diversified industry group. Ameren is the top-ranked stock within the group.
