TSE:AQN

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
0
Investor Insights
star iconJun 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.

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Consensus
Positive
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Valuation
Undervalued
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CPX
BUY
Utilities vs. financials as utilities sell off, but during low interest rates He's been seeing risk-on and -off trades of only short duration. AQN is his 5th-largest holding. You can step into American banks now, like JP Morgan, but it's perfectly fine to own both utilities and financials. He still likes AQN. Pension funds are moving away from fossil fuels into renewables; those funds like yield and established companies like AQN or Northland Power. Don't worry about the recent modest decline in AQN.
BUY

Fortis just came out with good earnings. It is expensive at 19x. Algonquin is growing earnings per share at 15% with a lower multiple. He prefers AQN.

BUY

Been rolling over lately. Is there running room to come? Yes, it has rolled over, because they raised money to pay down debt. Now is a buying opportunity. It probably won't jump another third to $24, but the dividend offers a good return. Buy below $18. It needs a US acquisition that they're planning to push the stock up.

BUY
It is half an independent power producer and half a regulated US utility. He thinks the future is bright. He thinks it will continue to grow organically as well as to look at every deal that comes onto the table. He paired back his position as the stock price edged up.
COMMENT

Sell Fortis and AQN to buy OTEX? AQN is a great utility; they've done a good job growing. He owns Emera in this space. Utilities have done very well until recently when a trade deal looked possible. He'd own OTEX before AQN, because it has generated a higher return on equity historically. Occasionally, OTEX makes a big acquisition to surprise the market in a good way. OTEX is doing more cloud work, which amounts to wider margins.

BUY
He likes the utilities and the chart looks good. He owns it personally. The environment right now is favourable for utilities and he likes the stock.
STRONG BUY
It is a core holding. It is considered the safest utility. It is near the top of his list right now.
HOLD
He likes this and has owned it as a Past Top Pick. He was a buyer below $10. It grows by acquisition along with good organic growth. It is still undervalued compared to its peers. It could still go up another couple of dollars per share. A good solid hold.
HOLD

It is trading at an all time high. They have done great with a great management turn. Take profits if it gets too overweight in your portfolio.

BUY ON WEAKNESS
Pays a regulated return, though buy on a pullback, and it's done a great job growing. AQN is his favourite in this space.
WATCH

AQN-T vs. NPI-T. He likes the sector. It is not a pure utility play. AQN-T has a nice upward trend. They have come off a little bit. They diverged since July. He is looking at whether they will come off a little more. Sept and Oct tend to be the worst performing months.

TOP PICK
Phenomenal managers who've made large acquisitions seamlessly. He's long owned this. They have a $7.5 billion development pipeline of projects. They have a unique partnership with a Spanish company to finance green power and assets there, making a great yield there. They have a lot on the go. Utilities and this stock will do very well during low interest rates. Pays a 4.35% yield. (Analysts’ price target is $17.98)
TOP PICK
Good dividend and fine chart. Exit if it falls below $16.40. He likes where this going. The chart isn't effected by anything in the world, and utilities have been doing well. This could fall back to low-$16's, but the trend should continue up, growing a lot more. (Analysts’ price target is $17.97)
BUY
Another defensive utility besides Fortis Better than Fortis is AQN-T, trading at 16.5x. He sees 14% growth at a reasonable price.
COMMENT
Revenue didn't grow in the last quarter. Issue with Canadian utilities is that they acquired companies and have debt. If they can grow their revenue base, can keep paying back debt. Has been making acquisitions, like in wind power, but must see how the coal to natural gas conversion plays out. It could go sideways.
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