
TSE:AQN
This summary was created by AI, based on 27 opinions in the last 12 months.
Algonquin Power & Utilities Corp (AQN) is undergoing a significant transformation, having sold off much of its renewable energy business to focus on being a more traditional regulated utility. Expert reviews indicate a general sentiment of cautious optimism, citing improved management and a commitment to stabilizing the balance sheet. Many analysts note AQN has faced challenges over the past few years, including dividend cuts and overleveraging, but recent strategic shifts appear to be reversing this trend. The stock has shown signs of technical improvement, with a breaking out of a downtrend and nearing its resistance level of $9, which analysts believe it might breach. The yield remains attractive for those willing to hold, although there are suggestions that better investment opportunities may exist in other utility companies.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock is fairly priced versus its peers. Support looks around $20 so there is minor technical risk. However, taking into consideration the dividend and growth prospect, it is a good play. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has started to act better after a period of lagging for a time. The stock offers a nice combination of growth and income at a reasonable price. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has been a laggard and thus should have some better upside potential than competitors. Unlock Premium - Try 5i Free
AQN vs. BEP.UN Likes it. Leveraged to renewable infrastructure build in the US. Very steady utility business. Better choice than BEP.UN at this time, based on valuations.