
TSE:AQN
This summary was created by AI, based on 27 opinions in the last 12 months.
Algonquin Power & Utilities Corp (AQN) has undergone significant transformation recently, focusing more on regulated utility operations while divesting its renewables segment. Despite a challenging past characterized by management changes, poor performance in renewables, and high leverage, many experts see potential for recovery and growth. Analysts highlight a more stable business model moving forward and express optimism about upcoming profitability improvements under new management. Although some experts remain cautious due to lingering high debt levels and prior dividend cuts, several analysts note AQN's share price potential, especially if it can consistently breach the resistance around $9. With a yield of approximately 4-5%, investors may find an agreeable income through dividends while awaiting further stock price recovery.
He sold it in November 2021 when they bought a Kentucky company; didn't like that ROI and many institutional investors still don't like that deal for its huge capital cost, but limited return. They recently announced a 40% dividend cut, and they must sell some assets (but AQN hasn't said what). This is dead money until management regains credibility.