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Nervous markets await NvidiaThis summary was created by AI, based on 23 opinions in the last 12 months.
Algonquin Power & Utilities Corp (AQN) has faced significant challenges in recent years, including dividend cuts, high debt levels, and a controversial acquisition attempt. However, many experts see potential for recovery as the company strives to reposition itself as a pure-play distribution utility by divesting renewable assets. New management is encouraging, and several analysts believe the turnaround plan could lead to growth once executed successfully. Despite the negative sentiment surrounding the stock, some experts note it is currently undervalued compared to peers and may offer upside in the future as the company resolves its structural issues and gains regulatory approvals for various rate cases. Overall, patience is recommended as the potential for a rebound hinges on execution and market sentiment improving.
Bounced off the bottom; actually one of the best-performing utilities because it traded so low for such a long time. Attempt to acquire Kentucky Power was bad timing with interest rates going up. Host of other issues, market penalized them, and it continues to do so.
But if you look at it today, it's working hard to transform itself to a pure-play distribution utility (similar to EMA or FTS). That's the cheapest type of utility to own. Sold renewable assets. Still owns hydro, but that's a small percentage of assets. Likes diversity of jurisdictions. About 10-20 rate cases under review; as they get approved, will see uptick in earnings. New CEO, activist investor.
Believes all the negative news is out of the name. If you have the patience, there's only upside from here. As company continues to execute, positive investor sentiment should come back. Different company than it was 2 years ago.
Dividend investing is for 30, not 3 years, to survive ups and downs. AQN has been very difficult in the last 3-4 years. But new management has sold off their renewables business. Also, he's very positive with companies that have a lot of US business, like AQN. When a re-rate comes, things will start to move up all at once. He sees upside in AQN, though doesn't know where. His average cost base is $12, and he's been buying all along.
He has a small position, accumulating on weakness for the better part of 2024. The whole sector of alternative energy has taken a back seat with the Trump administration. The whole ESG segment has been underperforming. So it's definitely challenged. He doesn't know when a catalyst might arrive and bring this back to life.
With a name like this, you have to think about a 5-10 year horizon. As Buffett says, when there's blood in the street, that's where the opportunity is.
Definitely undervalued, trading at a lower multiple than peers. Lost all credibility. If it's in a non-registered account and you can bank the tax loss, sell. If in a registered account, perhaps wait until the new year because tax-loss selling may be putting extra pressure on the stock price right now; could see a bit of a bounce in the new year.
FTS and BIP.UN are his go-to names in the space.
Probably a more positive outlook for 2025 than in 2024. A warning for those who invest just for the dividend; high yield doesn't always mean the stock price is safe. Beaten up already, and then tax-loss season came along.
Peeling back the layers, it's still well run. At these levels, don't buy it for income. You're buying for growth. In the medium term, there are growth opportunities here.
Today's disappointments are tomorrow's opportunities. He's looking at water utilities, a business that won't go away. He's waiting for a plan from the new management team. Once we get it, the stock will re-rate back to an acceptable range, with double digits over 5 years very possible.
It's sold off a lot. Utilities tend to improve when interest rates fall. Pays 5.5%. At the end of the day, people need to pay their utility bills, in booms or recessions. AQN holds $16 trillion of assets, so it's not a small company. They've done well historically, including a beat in their last quarter. The street rates this a hold, but sees 30% upside to $8.50. She wants to see a turnaround first, but its on her watch list. AQN ranks 7/10 for fundamentals and 10/10 in value.
Algonquin Power & Utilities Corp is a Canadian stock, trading under the symbol AQN-T on the Toronto Stock Exchange (AQN-CT). It is usually referred to as TSX:AQN or AQN-T
In the last year, 19 stock analysts published opinions about AQN-T. 7 analysts recommended to BUY the stock. 7 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Algonquin Power & Utilities Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
19 stock analysts on Stockchase covered Algonquin Power & Utilities Corp In the last year. It is a trending stock that is worth watching.
On 2025-05-02, Algonquin Power & Utilities Corp (AQN-T) stock closed at a price of $7.45.
Estimates are 9.7c EPS and $651.8M revenue. The company has missed five of the past eight quarters. The stock is up 16% this year, as investors have shifted to safety and dividends. Valuation is still on the high side at 18X earnings. We would not miss it much if sold. We do not like making buy/sell decisions on one quarter, and would be fine exiting now. Getting a stock with 50% upside will add risks, and trying to 'replace' losses is not always advisable. We would prefer ENB in the utility-like sector, but for high growth we would look to CLS or SHOP or VHI, but only if one is comfortable with added volatility.
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