TSE:AQN

Algonquin Power & Utilities Corp (AQN.TO)

8.24
+0.14 (1.73%)
as of Jun 4, 2026, 6:21:20 pm Market Open.
1398 watching
0
Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 29 opinions in the last 12 months.

Algonquin Power & Utilities Corp (AQN-T) has seen a significant transformation recently with a strategic focus on regulated utilities, moving away from its less successful renewable energy ventures. Many experts highlight that the company is undergoing a multi-year turnaround, with new management actively working to improve the business and restore investor confidence after a rough patch that included dividend cuts and restructuring challenges. The analyst community is becoming increasingly optimistic, as AQN has started to show promising technical signs and several upgrades have been issued recently. Although concerns about high debt levels and previous mismanagement remain, many believe that AQN's shift toward a more stable utility model will enhance its growth potential and generate predictable income for investors. There’s cautious optimism about its future, with some viewing it as a potential takeover target given its current valuation relative to peers.

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Consensus
Positive
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Valuation
Undervalued
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HOLD
Will cut their dividend A dividend trap happens when a stock plunges and the yield soars. With AQN, investors expect a dividend cut to reflect a shift in the fundamentals, which is why shares have fallen lately. He owned this earlier this year, and let it go because fundamentals deteriorated. Don't toss this out.
SELL
They owned it and sold about a year ago since they didn't like the asset that AQN bought. They have cut their dividend and have a lot of debt. A good tax loss candidate.
BUY
Believes shares are turning around. Looking for higher prices.
Unspecified
It has a 22% floating rate debt. He sold it in the active portfolios. The CEO recently bought a big chunk which is encouraging. He didn't like the third quarter results and there are more interesting opportunities in this area.
WATCH
Doing all the right things, and then got hit last quarter. Ups and downs of the renewable space, higher costs to produce, and higher borrowing costs. Can't say dividend is 100% safe. High risk name now. Depends on your time horizon, will take time to bounce back. Insiders are buying shares.
DON'T BUY
Bought shares twice as high as current prices Sell half, take profits. An early casualty of rising interest rates with less free cash. The yield has jumped to 9.7%, so keep an eye on that, because if the dividend is cut, the share price will fall even more--though the price could rise too.
HOLD
Recent slide in share price tough, but will continue to own shares. Management indicating that will need to re-evaluate long term growth targets. Higher interests creating big problems for debt financing (using floating rate debt). Recent purchase of Kentucky Power will have to be purchased with line of credit instead of equity (not ideal). Pushing back investor day(December) which market does not like. Dividend is not sustainable at current levels.
COMMENT
Aggressive growth by acquisition tripped it up. Recent acquisitions have not delivered on expectations.
PAST TOP PICK
(A Top Pick Oct 14/21, Down 29%) Darling company in the past years. Recent share price decline creating opportunity for investors. 100 year assets that are not going away. Distribution business still attractive (buying and selling power). Believes long term investors will be rewarded. Continues to own shares.
HOLD
Hoping company performs better going forward. Current share price is presenting buying opportunity, but time will tell.
WEAK BUY
Kentucky deal has stumbled, an opportunity to invest at a relatively good valuation. Fairly nice yield. If he owned, wouldn't sell, and you could dollar-cost-average down. Dividend relatively secure. See his Top Picks. Yield is 6.6%.
DON'T BUY
Didn't like constant share issuance and rising debt. Very acquisitive. Low growth businesses. Didn't like the renewables side. For dividends, he'd rather own FTS, TRP or ENB.
BUY
Multiple could get better if the acquisition happens. Yield's gotten really good, very attractive valuation, growth rate 8%, 12.6x 2023 PE. He's buying. A sleeper to buy now. Yield almost 7%.
BUY
Pretty attractive here for the long term. Nice and sustainable dividend yield, good assets. Well run. Entire sector under pressure mainly due to rising interest rates, but this is mostly baked in.
BUY
Fortis question Fortis is well-run. In utilities, his #1 choice is Brookfield Infrastructure and Algonquin which offer stronger growth, especially AQN. Utilities have come off a lot given rising rates, so choose one with strong growth. All have robust capital programs and enjoy strong demand. Prefers AQN in this space.
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