Algonquin Power & Utilities Corp (AQN.TO)

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

A Biden win would be positive for green energy. Renewable producers have already run up. Don't chase. Opportunity to buy when there's a pullback. She owns BEP.UN and AQN. Long-term value. AQN you could start adding right here. Wait on BEP.UN.

AQN vs. H Likes Hydro One, with an OK growth rate, but it's expensive. AQN and FTS are trading at better levels than Hydro One with nice growth rates and dividend growth. Pretty safe area, but a mistake to buy at the top of the range.

There's lots of interest in renewables. BEP.UN has been a good performer. He did start a small position in AQN. It will be a competitive and challenging sector, but fossil fuels need to be replaced. The sector will only get bigger and better.

It's hard to compare AQN to SU. He owns CNR and not SU. He is underweight in gas. He does own AQN as well as BIP. Energy pays a good dividend and in a low interest environment, they can do well.

The renewable energy transition is very positive. We have growing energy demand that needs to offset the growth even before replacing existing energy supplies. They have a big presence in the US. They just signed an agreement with Chevron to off-set carbon emissions. (Analysts’ price target is $20.50)

A regulated utility and they make green energy. 90% of revenues come from the U.S. It's defensive with a visible cash flow. Their renewable business is supported by long-term contracts. The 4.5% dividend is safe and will continue to rise. AQN recently raised $1 billion to fund their capital program this year into next. They've partnered with Chevron to develop their renewable energy. Last week, they bought a Chilean water utility and may buy the rest of it later. Overall, they're expanding their renewable power space. They have room to grow geographically here and abroad. Strong growth prospects here and an income stock. We're already seeing capital pour into renewable power globally and here in Canada. (Analysts’ price target is $20.59)