Algonquin Power & Utilities Corp (AQN.TO)…

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Algonquin Power & Utilities Corp (AQN.TO)

8.24

+0.14 (1.73%)

as of Jun 4, 2026, 6:21:20 pm Market Open.

1398 watching

Investor Insights

Jun 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-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.

Consensus

Positive

Valuation

Undervalued

Similar

CPX,CPX

DON'T BUY

Growth in the power business is slower so avoid the sector. It cut the dividend which is a warning sign.

WAIT

Market's concerned about debt. Asset sales have popped the share price off the bottom. Not his style to try to pick the absolute bottom, likes to see it to come up a bit on improving news. Don't step in just yet. Looks attractive. Looking for more stability in its business and debt.

HOLD

Huge hit last quarter. Cut dividend, so payout ratio 75% of 2023 earnings (good that asset base excludes assets being sold). Stopped DRIP, not issuing equity for 2 years, asset sales. Yield still around 6%. Trading at 12x, very cheap. 70% of operations are regulated, steady income. Sticking with it for now. Now it's all about execution. If Kentucky acquisition fails, could be positive for the stock.

DON'T BUY

Recently lifted short on the position, but does not believe in the prospects of company. Recent dividend cut not enough. Lots of debt on balance sheet makes financing very hard (rising interest rates). Waiting for stock price to fall before investing.

DON'T BUY

Has a lot of baggage. His time horizons are a lot longer. You could buy it on positive news, like a purchase in Kentucky was rebuffed, given AQn's debt levels. [Will have an investor update call on Thursday, likely cutting the dividend.] Wait and see on that call before deciding. Look at other names.

RISKY

After a big run, sideways through 2020-22, big correction. Trying to stabilize around $9. Major support level is around $9.13. Wait to see if a new uptrend takes hold. If you have really high conviction, you can add a small position. If it heads lower take it off, and if it goes higher add more.

DON'T BUY

Dividend safe? Difficult numbers, problems with some assets. Technically, dividend is safe from a cashflow perspective. It would make sense to cut the dividend now, since the stock is down so much, because the stock won't fall much more even if they cut it. Big issue is whether debt will be downgraded, as it makes interest payments much higher and they may not be able to buy assets. Yield is 11%.

WEAK BUY

1-3 year outlook He too was surprised with their earnings call. Restoring confidence will take time. They must restore debt levels, but the jump in interest rates surprised all in the market. Maybe AQN needs to sell some projects. Expect no growth for 2 years. Maybe they should stop issuing shares and they might stop their DRIP. He doesn't think they will cut their dividend. Probably AQN is pounded further by tax-loss selling. Suggests you sell puts at a lower strike in a taxable account.

DON'T BUY

There is a possibility it could be taken out. He has sold and would not buy it back now.

HOLD

Disappointed shareholder, but still keeping shares. Poor 3rd quarter and has recently decreased guidance. Kentucky Power merger will not go through (not a good sign). Hoping that balance sheet remains at investment grade.

HOLD

Under acute pressure, especially since Q3 reporting. Strain from inflationary cost pressures, delays in reaping tax credits. Long established history in the renewable space, which will be secularly advantaged. Below book value at 0.9x. Market skeptical of the 10.3% dividend, risk of a cut is on the table but not on the knife's edge. Might already be priced in. Insider buying. Still BBB credit. Don't step in aggressively now amid tax-loss selling. Longer term, can own comfortably.

PAST TOP PICK

(A Top Pick Dec 17/21, Down 42%) Tough. He actually bought more. Short-term problems of missing on Q3 and pulling guidance for next year. Bigger overhang is the acquisition closing next year, funded by variable rate debt. They do have options. Better management communication could have helped. Dividend cut is about 50/50, but probably not eliminated. Astounding valuation at 10x earnings, 6x cashflow. Watch next 3-18 months to see how issues are addressed.

COMMENT

Recent headwinds include a high exposure to floating interest rates along with a lot of debt coming due this year and in 2023. The acquisition of Kentucky power will add more debt. The dividend is 10% but there is risk that they can't sustain it.

DON'T BUY

Has sold shares in the company. Does not believe in prospects for company. Unsure whether dividend is sustainable. Better options available for investors.

BUY

Misses on one quarter, and it gets punished. Way, way oversold on not great news, but hardly disastrous. People panicked unduly. Premier renewables company with solar, wind, hydro. Not going away. Thinks dividend is safe, need another couple of bad quarters in a row before it's in danger. Bargain basement price. Usually get rewarded when there's a fast dip like this, once it gets out of the penalty box.

Showing 121 to 135 of 579 entries

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Algonquin Power & Utilities Corp (AQN.TO)