Tuesday, October 12, 2010

Valuation of Alliant Energy Corporation

Alliant Energy Corporation ( http://www.alliantenergy.com/ ) (NYSE: LNT) operates in electric and gas utility businesses in the United States. In addition, it has investments in environmental consulting and engineering and renewable energy services businesses. It also engages in transportation businesses, which include a short line railway, barge terminal and hauling services. It was founded in 1917 and is based in Madison, Wisconsin.

As of October 9, 2010, it had a 52 week stock price range of $26.08 – 36.95. As of December 31, 2009, it had net income of $129,700,000. It had long term debt of $2,404,500,000 and net tangible assets of $2,958,500,000.

It is in the Diversified Utilities industry and its competitors include Wisconsin Energy Corporation and Xcel Energy Inc.

Alliant Energy Corporation’s generation portfolio includes more than 550 megawatts of renewable energy; however, most of their energy is generated using non renewable energy sources. They offer their residential customers renewable energy through their Second Nature program which is Green-e Energy certified ( http://www.green-e.org/ ). They have other sustainable activities to address a variety of problems such as pollution.

This is a Non Green Business with some green elements. It’s currently overvalued. However, this is a good company to watch because it is making strides in implementing green elements into its operations.

Yahoo Finance
Alliant Energy website

Gothic Green Sites/Blogs:

http://www.gothicgreen.biz/ Formula of Sustainable Design
http://www.gothicgreenrealestate.info/ Real Estate and Development Valuations
http://www.gothicgreenrealestate.biz/ Gothic Green Real Estate
http://www.gothicgreensecurity.biz/ Gothic Green Security
http://www.gothicgreentransit.biz/ Gothic Green Transportation
http://www.battleforvictory.info/ Fiction Blog