TSE:AQN
Algonquin Power & Utilities Corp (AQN.TO)
Financials 
Technical Analysis 
Jun 4, 2026, 12:00 amThis summary was created by AI, based on 29 opinions in the last 12 months.
Algonquin Power & Utilities Corp (AQN-T) has seen a significant transformation recently with a strategic focus on regulated utilities, moving away from its less successful renewable energy ventures. Many experts highlight that the company is undergoing a multi-year turnaround, with new management actively working to improve the business and restore investor confidence after a rough patch that included dividend cuts and restructuring challenges. The analyst community is becoming increasingly optimistic, as AQN has started to show promising technical signs and several upgrades have been issued recently. Although concerns about high debt levels and previous mismanagement remain, many believe that AQN's shift toward a more stable utility model will enhance its growth potential and generate predictable income for investors. There’s cautious optimism about its future, with some viewing it as a potential takeover target given its current valuation relative to peers.
He has to lump them with the whole power and utilities sector. They are trading at large multiples to their earnings. These are high capital intensive businesses. He sees them as moderate risk due to the possibility of interest rates rising. They have stable businesses and you get to charge a regular ROE on the power over time.
He thinks it has had its run. He is selling down because it is now just purely a dividend story.
John Stephenson
(A Top Pick Feb 16/12. Up 28.09%.) Sees it going up to $8.50. Has a very good development pipeline and a very good payout ratio. Management has done a good job of growing the company.
Andy NasrWas concerned about this a couple of years ago when the US housing market tanked. One of their growth areas was in Arizona. Recently people have started to realize that this is a pretty solid outfit. Good diversification of assets being in Hydro and specialty power production. Good safe stock to be in. Feels the 4.14% dividend is quite safe.
David CockfieldPower business married with a utility business. Probably worth $7 and he would probably nibble away in the low $6’s. Some of their acquisitions have exposed them to a little bit of the merchant power sector, meaning their generation isn’t fully contracted for the long-term but doesn’t think this will be a significant component of cash flow going forward.
Dennis Mitchell, CFA
Michael Simpson, CFAJohn StephensonAndy Nasr
John Stephenson
Michael Decter'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
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Got caught in down draft. A fine company. Yield is good at 4.8%. Businesses they are in should continue to grow. This is the kind of company he would be in.