Algonquin Power & Utilities Corp (AQN.TO)…

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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

Investor Insights

Jun 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.

Consensus

Positive

Valuation

Undervalued

Similar

CPX

COMMENT

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.

TOP PICK

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)

TOP PICK

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)

TOP PICK

A very defensive play. A very strong development pipeline complemented by a good acquisition strategy. They create value through organic growth, acquisitions and other means. The valuation is at 18x earnings. A very attractive growth utility. (Analysts’ price target is $20.57)

TOP PICK

AQN is Canadian-listed, but American domiciled, paying their dividend in USD. They've done a great job growing the company. It's heading in the right direction and he's jumping in. At $18 now, it's halfway between its 52-week high and low. It pays a growing 4.6% dividend. They have a strong renewable energy profile. They just cut a deal with Chevron to green the latter's carbon businesses. We'll see more of this greening trend in the industry that he thinks AQN's CEO is focused on. He expects a lot of capital to flow into renewables (not oil companies) and tech. He just bought AQN. (Analysts’ price target is $20.58)

BUY

They have strong renewable assets in the U.S. so it should do well if Biden becomes President. Trades at 17.4x PE 2022. There's upside here. He models 10% EPS growth. They just reported some weakness because of COVID and bad weather. They just raised $1 billion equity but is slightly dilutive. Pays a 4.5% dividend yield. They just got added to the S&P 60. so maybe we'll see some catch-up. The trend is towards renewables. They have a decent balance sheet at 17.4x 2021. You can pick away at it now around $18.

BUY ON WEAKNESS

Part of their growth is by acquisition, funded by equity issues. Stock treads water for a while, as new owners get comfortable. In next 6-12 months, they should do another acquisition with higher dividends and earnings, and the stock will go into the low $20s. Be a holder, and even a buyer on weakness.

TOP PICK

In the current zero interest rate environment, it's a great fixed income proxy but offers excellent growth. Metrics have been positive for a long time. Growth plus prudent asset management. Yield is 4.69%. (Analysts’ price target is $21.16)

TOP PICK

It's new for him--he's never bought green energy and AQN was the best way to enter this space. A premier North American company boasting a good mix of resources with a lot of locked-in contractual returns. Strong record of reliable operations and pays a solid 4.7% dividend. He was seeking an environmental friendly asset for his clients and this fit the bill. (Analysts’ price target is $21.25)

BUY

75% is regulated, 25% is renewable. Very defensive cash flow. Equity issue last week took care of all financing needs for their capital program for the next year. Will grow their cash flow and their dividend. Nice stable stock. Yield is about 4.5%.

TOP PICK

A very unique Canadian listed company that has over 90% of revenues coming from US markets. The majority of its cash flow comes from the regulated return side. It is a fairly small market cap in the utility space. They have made a successful strategy of acquiring unloved assets and have good organic growth as well. It trades at 17 times earnings and 10 times cash flow. A good defensive holding. Yield 4.74% (Analysts’ price target is $21.32)

HOLD

It is a hold like most utilities. Canadian utilities cleaned up their balance sheets since the last recession and then used them to acquire US companies. This has largely been played out now. The CEO has recently stepped down and this creates uncertainty.

STRONG BUY

It's one of his biggest holdings. Very defensive and safe from the pandemic. Really likes this stock and sector. He'd still buy at current levels despite the run-up. The dividend should continue to grow, too, despite other stocks suspending theirs.

BUY

NEE-N vs. AQN-T. He would choose NEE-N. Part of the appeal of renewable energy is that they have one of the best R&D teams internally in the company, to ensure all projects they do come on stream as planned and to be more innovative in other green solutions including battery storage. It is the old "Florida Light and Power". It is growing at double digits of 10 or 12% per year and usually these companies are at 5-7%.

BUY

He really likes it. It is his larger holdings in the utility space and one of his largest holdings in his portfolio over all. He has a lot of respect for what management is doing. They have lots of available liquidity and the dividend is safe. They may ratchet down their dividend growth going forward.

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Algonquin Power & Utilities Corp (AQN.TO)