Alliant Energy stock falls 1.04% for third straight loss
Updated
Updated · MarketWatch · May 6
Alliant Energy stock falls 1.04% for third straight loss
6 articles · Updated · MarketWatch · May 6
The shares closed at $72.31 on Wednesday, 4.55% below their 52-week high of $75.76 reached on 1 May.
Despite the decline, Alliant outperformed utility peers including Duke Energy, Exelon and Sempra, all of which also fell during the session.
The drop came in a broader market rally, with the S&P 500 up 1.46% and the Dow up 1.24%, while Alliant trading volume rose to 2.9 million above its 50-day average.
Is Alliant Energy's stock drop a warning that the AI electricity boom carries more risk than reward for investors?
How can Alliant Energy spend $13.4 billion on data center growth without eventually raising rates for residential customers?
The utility sector fell during a market rally. Is the AI-driven energy demand creating an unsustainable bubble for these companies?