TSE:AQN

Algonquin Power & Utilities Corp (AQN.TO)

8.27
+0.17 (2.10%)
as of Jun 4, 2026, 8:00:00 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) has undergone significant transformation in recent years, primarily shifting its focus from renewable energy to regulated utilities. While the company has faced challenges, including overleveraging and management changes, recent updates suggest a stabilizing outlook. Experts indicate that there is potential for profitability growth, especially with new management steering the company towards a more predictable business model. Analysts recognize the importance of this strategic shift, as AQN is now seen as cheaper compared to peers in the utility sector, making it an interesting play for future growth and income. However, caution remains as some analysts recommend monitoring the company's progress before committing, given its recent history of dividend cuts and restructuring efforts.

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Consensus
Positive
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Valuation
Undervalued
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Similar
CPX
BUY
It has been a long time holding of his. It has been fairly range-bound recently. Now is a good time to buy it. He expects dividend increases at some point in the future.
PAST TOP PICK
(A Top Pick Sep 15/20, Up 8%) She'd buy it here. 90% of their earnings come from the US. Pays a nice nearly 4% dividend and should grow 10% this year and continue to grow in coming years through a capital program. They've struck deals with Chevron and JPMorgan to reduce their carbon footprint.
BUY

Both CPA and AQN have some overlap. Doubled up on Algonquin Power when there was a pullback. Would own both if it was in an RRSP.

PAST TOP PICK
(A Top Pick Aug 18/20, Up 13%) Disappointing. Digesting growth, equity issue. Good things ahead. Dividend increase of 10%. Well set up for next few decades with utilities, water, gas and electric that they can green, and renewables. Still likes it. Yield over 4.5%.
PAST TOP PICK
(A Top Pick Aug 21/20, Up 11%) It's underperformed peers because of the threat of higher interest rates impacted utilities. It's more utility than green energy, but it's a lovely mix. AQN is very well-run and boasts one of the strongest growth profiles in the industry. The valuation is attractive.
HOLD
Attractive income stock. Not the highest dividend at under 4%, but confident they'll grow the dividend over time. About 1/3 is renewable power, and the rest is regulated utility operations. High visibility in earnings. Share price should go up around 6%, for an annualized total return of 8-10%.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Quite comfortable with it given the growth and valuation compared to peers. One of their preferred utilities names. Better to have it in a registered account for the dividends. Unlock Premium - Try 5i Free

BUY ON WEAKNESS
Has recommended this for a long time. It's trading at a more reasonable PE now. You collected a good dividend. It's not cheap now, but in no man's land. Maybe don't buy it today, but have it under your radar. Buy under $19.
PAST TOP PICK
(A Top Pick Jul 30/20, Up 9%) We are going to see more of a transition into renewables. He continues to buy it.
BUY

AQN vs. CPX CPX is quite high quality, with pretty good torque to Alberta power prices, so if you expect Alberta prices to rally, this one will benefit. AQN is his preference, as it has more diversity in its asset base. AQN has more robust opportunities for growth, plus more leverage to the renewable utilities build out.

BUY
Likes it. Correction in last 4 months has hit the sector. Robust outlook for the next 5 years. Solid management team. Expects continued growth and perhaps increases in dividend. Adding at these prices makes sense.
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Nothing is significantly different for the outlook. The whole sector has been weak. And AQN raising money through an issue confused investors. Decent growth is still expected. They raised the dividend in May. Not overly expensive while the cash flow remains solid. Fine for income investors. Unlock Premium - Try 5i Free

TOP PICK
Power demand and renewable power increases. The company did some equity issues that has not been well received. There is also some water holdings that are interesting. There is a stable distribution arm. A steady dividend grower. (Analysts’ price target is $21.21)
TOP PICK

Attractive dividend with a good growth profile. Good ESG candidate so funds should flow into this. In the last little while, we have seen some decline in the sector. An attractive entry price. There is 1400 additional mega watts of energy coming online. A good rewarder of share holders. (Analysts’ price target is $21.01)

PAST TOP PICK
(A Top Pick Jul 08/20, Up 12%) Still likes it and could be another top pick. All the utilities have been hit because bond yields have started to rise. But AQN has a strong growth profile through its capex plan, with $5B of its $9B is happening in 2021. AQN's valuation is in line with peers, but boasts a stronger growth profile. This will let AQN keep generating strong earnings even if bond yields rise.
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