TSE:AQN
18.78
0.09
(0.48%)
Algonquin Power & Utilities Corp. is a renewable energy and regulated utility company with assets across North America.
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Analysis and Opinions about AQN-T
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TOP PICK
TOP PICK
Attractive dividend with a good growth profile. Good ESG candidate so funds should flow into this. In the last little while, we have seen some decline in the sector. An attractive entry price. There is 1400 additional mega watts of energy coming online. A good rewarder of share holders. (Analysts’ price target is $21.01)
PAST TOP PICK
PAST TOP PICK
June 8, 2021
(A Top Pick Jul 08/20, Up 12%) Still likes it and could be another top pick. All the utilities have been hit because bond yields have started to rise. But AQN has a strong growth profile through its capex plan, with $5B of its $9B is happening in 2021. AQN's valuation is in line with peers, but boasts a stronger growth profile. This will let AQN keep generating strong earnings even if bond yields rise.
Show full opinionHide full opinion
(A Top Pick Jul 08/20, Up 12%) Still likes it and could be another top pick. All the utilities have been hit because bond yields have started to rise. But AQN has a strong growth profile through its capex plan, with $5B of its $9B is happening in 2021. AQN's valuation is in line with peers, but boasts a stronger growth profile. This will let AQN keep generating strong earnings even if bond yields rise.
PAST TOP PICK
PAST TOP PICK
June 4, 2021
(A Top Pick Jul 28/20, Up 7%) Has fallen out of favour, but he is not sure why. One of the worst performers for 2021 for his fund, but still a believer in the company.
Show full opinionHide full opinion(A Top Pick Jul 28/20, Up 7%) Has fallen out of favour, but he is not sure why. One of the worst performers for 2021 for his fund, but still a believer in the company.
WATCH
WATCH
June 2, 2021
Sold on valuation. Good business. Mostly US focused. He'll keep it on his radar. Right now, prefers other exposure in that space.
Show full opinionHide full opinionSold on valuation. Good business. Mostly US focused. He'll keep it on his radar. Right now, prefers other exposure in that space.
PAST TOP PICK
PAST TOP PICK
May 18, 2021
(A Top Pick May 13/20, Up 3%) Still likes it. It's pulled back with the entire renewable space, so this is a great time to enter. Two-thirds of business are regulated utilities and the rest is renewables. The latter benefits from the US green trend. Pays an attractive 4.5% dividend that the company has just risen 10%. The company expects to grow earnings 8-10% annually in coming 4-5 years.
Show full opinionHide full opinion(A Top Pick May 13/20, Up 3%) Still likes it. It's pulled back with the entire renewable space, so this is a great time to enter. Two-thirds of business are regulated utilities and the rest is renewables. The latter benefits from the US green trend. Pays an attractive 4.5% dividend that the company has just risen 10%. The company expects to grow earnings 8-10% annually in coming 4-5 years.
HOLD
HOLD
May 10, 2021
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock yields 4.3% currently and is trading at around 13.5x forward EBITDA. They are also reducing leverage. The space is seeing lower investor interest in general, which may be why the stock has struggled recently. No reason to sell. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock yields 4.3% currently and is trading at around 13.5x forward EBITDA. They are also reducing leverage. The space is seeing lower investor interest in general, which may be why the stock has struggled recently. No reason to sell. Unlock Premium - Try 5i Free
PARTIAL BUY
PARTIAL BUY
May 3, 2021
The Texas power outage was somewhat of a temporary set-back. These do happen. Short term negatives on companies you like just mean it’s a good time to get in. It is a good time to start building a position in the sector.
Show full opinionHide full opinionThe Texas power outage was somewhat of a temporary set-back. These do happen. Short term negatives on companies you like just mean it’s a good time to get in. It is a good time to start building a position in the sector.
BUY
BUY
April 27, 2021
A great way to play the US expansion into renewable power in the coming decade. The valuation has risen, but took a dip during the Texas freeze last winter (was a buying opportunity). The stock is still compelling to buy. Likes it. The renewable stocks ran ahead of themselves in January-February, pricing in too many years of growth, but this correction was healthy. Valuations are still not cheap, but long-term returns still look good. Also consider Boralex and Northland Power.
A great way to play the US expansion into renewable power in the coming decade. The valuation has risen, but took a dip during the Texas freeze last winter (was a buying opportunity). The stock is still compelling to buy. Likes it. The renewable stocks ran ahead of themselves in January-February, pricing in too many years of growth, but this correction was healthy. Valuations are still not cheap, but long-term returns still look good. Also consider Boralex and Northland Power.
BUY
BUY
April 19, 2021
It is a good way to play renewable energy. It gives you a nice balance of renewable and non-renewable. They pay a good dividend. Their spending will be 60-70% into renewable in the future. Sometimes money is invested into renewable energy just to be seen doing it.
Show full opinionHide full opinionIt is a good way to play renewable energy. It gives you a nice balance of renewable and non-renewable. They pay a good dividend. Their spending will be 60-70% into renewable in the future. Sometimes money is invested into renewable energy just to be seen doing it.
PAST TOP PICK
PAST TOP PICK
April 15, 2021
(A Top Pick May 13/20, Up 14%) In 2020, chose names that could hold in during an uncertain time. Plans to increase dividend by about 10% this year, possibly mid-high single digit growth going forward. Benefits from de-carbonization.
Show full opinionHide full opinion(A Top Pick May 13/20, Up 14%) In 2020, chose names that could hold in during an uncertain time. Plans to increase dividend by about 10% this year, possibly mid-high single digit growth going forward. Benefits from de-carbonization.
BUY
BUY
March 18, 2021
You really have to own some renewable power. High growth area. AQN is a good way to play. His top pick in the hybrid renewable sector. Has non-renewables, but its growth projects are all renewable. Valuation is below peers. Yield is around 3.5%.
Show full opinionHide full opinionYou really have to own some renewable power. High growth area. AQN is a good way to play. His top pick in the hybrid renewable sector. Has non-renewables, but its growth projects are all renewable. Valuation is below peers. Yield is around 3.5%.
BUY
BUY
March 16, 2021
She continues to hold it. The utility space has pulled back (AQN is down 15%) because of rising yields. AQN pays a yield under 4%. Its growth outlook is strong for years to come, and AQN enjoy robust cash flow primarily in the U.S. AQN'S dividend that will rise 10% this year, though that growth may moderate in years to come as AQN invests more in its business. Renewable energy remains a good investment, though the group was overextended coming into 2020; she was waiting for a pullback and it's happened.
Show full opinionHide full opinionShe continues to hold it. The utility space has pulled back (AQN is down 15%) because of rising yields. AQN pays a yield under 4%. Its growth outlook is strong for years to come, and AQN enjoy robust cash flow primarily in the U.S. AQN'S dividend that will rise 10% this year, though that growth may moderate in years to come as AQN invests more in its business. Renewable energy remains a good investment, though the group was overextended coming into 2020; she was waiting for a pullback and it's happened.
BUY WEAKNESS
BUY WEAKNESS
March 10, 2021
Allan Tong’s Discover Picks As of March 8, this Canadian wind and solar power producer has tumbled nearly 15% off its high of $22.67 of just a month ago. The good news is that AQN‘s PE has slipped to 18.4x, which trades below the industry average of 19.2x. In addition to the current rotation, another factor pressuring Algonquin is last week’s Q4 report in which its EPS of $0.21 fell just a penny short of the street’s expected $0.22. Similarly, AQN’s adjusted EPS for the full year of $0.64 fell shy of management’s guidance of $0.65-0.70. Not a disaster, since Q4 EPS and revenues rose year-over-year so AQN stock is an oversold stock. Read 3 Overdone and Oversold Stocks for our full analysis.
Show full opinionHide full opinionAllan Tong’s Discover Picks As of March 8, this Canadian wind and solar power producer has tumbled nearly 15% off its high of $22.67 of just a month ago. The good news is that AQN‘s PE has slipped to 18.4x, which trades below the industry average of 19.2x. In addition to the current rotation, another factor pressuring Algonquin is last week’s Q4 report in which its EPS of $0.21 fell just a penny short of the street’s expected $0.22. Similarly, AQN’s adjusted EPS for the full year of $0.64 fell shy of management’s guidance of $0.65-0.70. Not a disaster, since Q4 EPS and revenues rose year-over-year so AQN stock is an oversold stock. Read 3 Overdone and Oversold Stocks for our full analysis.
BUY WEAKNESS
BUY WEAKNESS
March 3, 2021
The catalyst for the sector is whether or not the Biden administration will be supportive of green energy. The Trudeau government already is. There's more upside to this stock. With sector rotation out of tech, you want to look for an entry point. We're going to see higher growth opportunities for renewables, so you want exposure.
Show full opinionHide full opinionThe catalyst for the sector is whether or not the Biden administration will be supportive of green energy. The Trudeau government already is. There's more upside to this stock. With sector rotation out of tech, you want to look for an entry point. We're going to see higher growth opportunities for renewables, so you want exposure.
BUY WEAKNESS
BUY WEAKNESS
February 23, 2021
Short/medium outlook for renewable energy The recent harsh winter weather in Texas shows that even green power can be effected. But now this market rotation is a short-term blip for green energy stock, and so is a good opportunity to buy. Corporations and governments will continue to demand green energy and investors want ESG. This is a solid, long-term trend that favours this sector.
Show full opinionHide full opinionShort/medium outlook for renewable energy The recent harsh winter weather in Texas shows that even green power can be effected. But now this market rotation is a short-term blip for green energy stock, and so is a good opportunity to buy. Corporations and governments will continue to demand green energy and investors want ESG. This is a solid, long-term trend that favours this sector.
Algonquin Power & Utilities Corp(AQN-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 28
Neutral - Hold Signals / Votes : 5
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 33
Algonquin Power & Utilities Corp(AQN-T) Frequently Asked Questions
What is Algonquin Power & Utilities Corp stock symbol?
Algonquin Power & Utilities Corp is a Canadian stock, trading under the symbol AQN-T on the Toronto Stock Exchange (AQN-CT). It is usually referred to as TSX:AQN or AQN-T
Is Algonquin Power & Utilities Corp a buy or a sell?
In the last year, 33 stock analysts published opinions about AQN-T. 28 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Algonquin Power & Utilities Corp.
Is Algonquin Power & Utilities Corp a good investment or a top pick?
Algonquin Power & Utilities Corp was recommended as a Top Pick by Darren Sissons on 2021-06-11. Read the latest stock experts ratings for Algonquin Power & Utilities Corp.
Why is Algonquin Power & Utilities Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Algonquin Power & Utilities Corp worth watching?
33 stock analysts on Stockchase covered Algonquin Power & Utilities Corp In the last year. It is a trending stock that is worth watching.
What is Algonquin Power & Utilities Corp stock price?
On 2021-06-24, Algonquin Power & Utilities Corp (AQN-T) stock closed at a price of $18.78.
Attractive dividend with a good growth profile. Good ESG candidate so funds should flow into this. In the last little while, we have seen some decline in the sector. An attractive entry price. There is 1400 additional mega watts of energy coming online. A good rewarder of share holders. (Analysts’ price target is $21.01)