TSE:AQN

Algonquin Power & Utilities Corp (AQN.TO)

8.06
-0.03 (0.37%)
as of Aug 6, 2026, 8:00:01 pm Market Open.
1393 watching
0
Investor Insights
star iconAug 6, 2026, 12:00 am

This summary was created by AI, based on 28 opinions in the last 12 months.

Algonquin Power & Utilities Corp (AQN) has experienced significant challenges over the past few years, particularly stemming from high debt levels associated with its aggressive acquisitions in the renewable sector, which led to a dividend cut and a loss of investor confidence. Despite these struggles, recent reviews indicate that the company is undergoing a transformation, refocusing on its core regulated utility business after divesting most of its renewable assets. Analysts have observed signs of improvement, suggesting that AQN is gradually regaining footing under new management. However, the stock remains in the 'penalty box' and is viewed as a 'show-me' stock, awaiting proof of its capability to generate consistent profits again. While there is optimism about future earnings potential and attractive yields, many experts suggest a cautious approach due to the lingering restructuring phase.

consensus icon
Consensus
Cautious
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Valuation
Undervalued
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Similar
CPX
PAST TOP PICK
(A Top Pick Sep 25/20, Up 3%) Disappointing performance, coming off with the rest of the renewables. A lot of negativity in the sector, but it won't last. Renewables still lead the pack in terms of growth in the sector. See his Top Picks.
TOP PICK
Great mixture of regulated utility assets with strong, stable cashflows along with development arm for renewables for public and private buyers. Everyone is being pressured to have cleaner energy. Good development opportunities at premium prices. The world is short of power. Yield is 4.67%. (Analysts’ price target is $21.60)
BUY
Renewables will continue to grow, especially as they're well positioned in the US as they green out their fleet. About 90% of earnings comes from the US. As a utility, she doesn't expect double digit gains. She owns it for the yield and a bit of capital appreciation, which has been a bit disappointing. Higher interest rates is a headwind. Attractive yield, which should grow annually, will act as a buffer to inflation. Buy it here and hold.
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

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