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NEW YORK (TheStreet) -- Shares of Alliant Energy (LNT)  are advancing 0.15% to $40.31 as the public utility company expects to post fiscal 2016 second quarter results after today's market close. 

Analysts expect Alliant Energy to report earnings of 38 cents per share on revenue of $733.7 million.

Last year, the company posted earnings of 31 cents per share on revenue of $717.2 million for the second quarter. 

Alliant Energy announced last week that it would invest $1 billion to expand its wind energy operations in Iowa. The project is a part of the company's initiative to reduce its carbon dioxide emissions by 40% from 2005 to 2030. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate ALLIANT ENERGY CORP as a Buy with a ratings score of A+. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. Among the primary strengths of the company is its solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: LNT

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