  The characterization of a physically-diverse set of transiting exoplanets is
an important and necessary step towards establishing the physical properties
linked to the production of obscuring clouds or hazes. It is those planets with
identifiable spectroscopic features that can most effectively enhance our
understanding of atmospheric chemistry and metallicity. The newly-commissioned
LDSS-3C instrument on Magellan provides enhanced sensitivity and suppressed
fringing in the red optical, thus advancing the search for the spectroscopic
signature of water in exoplanetary atmospheres from the ground. Using data
acquired by LDSS-3C and the Spitzer Space Telescope, we search for evidence of
water vapor in the transmission spectrum of the Neptune-mass planet HAT-P-26b.
Our measured spectrum is best explained by the presence of water vapor, a lack
of potassium, and either a high-metallicity, cloud-free atmosphere or a
solar-metallicity atmosphere with a cloud deck at ~10 mbar. The emergence of
multi-scale-height spectral features in our data suggests that future
observations at higher precision could break this degeneracy and reveal the
planet's atmospheric chemical abundances. We also update HAT-P-26b's transit
ephemeris, t_0 = 2455304.65218(25) BJD_TDB, and orbital period, p =
4.2345023(7) days.
