
TSE:AQN
This summary was created by AI, based on 28 opinions in the last 12 months.
Algonquin Power & Utilities Corp (AQN) has experienced significant challenges over the past few years, particularly stemming from high debt levels associated with its aggressive acquisitions in the renewable sector, which led to a dividend cut and a loss of investor confidence. Despite these struggles, recent reviews indicate that the company is undergoing a transformation, refocusing on its core regulated utility business after divesting most of its renewable assets. Analysts have observed signs of improvement, suggesting that AQN is gradually regaining footing under new management. However, the stock remains in the 'penalty box' and is viewed as a 'show-me' stock, awaiting proof of its capability to generate consistent profits again. While there is optimism about future earnings potential and attractive yields, many experts suggest a cautious approach due to the lingering restructuring phase.
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%.
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.