
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.
It's one of the few reliable renewable stocks to invest in. It's reliable, though not a slam dunk like TC Energy because something could happen to it. But it's pretty good and pays a 4.5% yield.