TSE:AQN

Algonquin Power & Utilities Corp (AQN.TO)

7.88
+0.03 (0.38%)
as of Sep 1, 2026, 8:00:00 pm Market Open.
1395 watching
0
Investor Insights
star iconSep 1, 2026, 12:00 am

This summary was created by AI, based on 29 opinions in the last 12 months.

Algonquin Power & Utilities Corp (AQN) is currently undergoing a multi-year turnaround focused on becoming a more pure-play regulated utility after divesting its renewable energy assets. The company is predominantly operating in the US, which has prompted plans for redomiciling to attract more US investors and investors appear cautiously optimistic about its restructuring efforts. However, many experts express concerns about the high levels of debt and the modest earnings growth. While there are positive signs of management's improved execution and focus, there is still a prevailing sentiment of skepticism until the company can demonstrate consistent profitability. The stock is perceived as a potential turnaround candidate, but its history of dividend cuts and operational challenges keep some investors at bay.

consensus icon
Consensus
Cautious
valuation icon
Valuation
Undervalued
review icon
Similar
CPX
BUY
Likes it a lot. Good EPS growth. Not cheap anymore. If Biden wins, it will favour the renewables. Liked it more a couple of weeks ago in the $18s. Will grow in next 5 years.
BUY

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.

BUY
New Money? Yes. He has a $20.21 model price with a 3% upside so he would recommend it here and owns it in client accounts.
BUY

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.

BUY
They could benefit as they are seen as stable income holding. It could be a good substitution for bonds longer term. It could help alleviate some of the volatility.
BUY
They have been consistently growing their dividend and they will continue to grow and expand.
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)
Showing 241 to 255 of 585 entries