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Investor Insights

This summary was created by AI, based on 44 opinions in the last 12 months.

The experts are divided in their opinions on Algonquin Power & Utilities Corp (AQN-T). Some believe that the company is facing challenges with rising interest rates, high debt, and management issues, which have led to a dividend cut and a need for major overhaul. However, others see long-term value in the business, its regulated utilities, and the potential upside in its share price. The company is also undergoing a strategic review, with plans to sell its renewable power division. Overall, there is uncertainty and mixed feelings about the future prospects of AQN-T.

Consensus
Divided
Valuation
Fair Value
Similar
NEE,NEX
BUY ON WEAKNESS

Company not performing well lately. Long term outlook for business is still "in tact". Believes company has future and could be a good time to invest. Utility and power assets have a strong future. Would recommend as a 5 year hold. 

electrical utilities
DON'T BUY

Renewable power and utilities, both businesses have been hammered by interest rates. Debt and payout ratio were unsustainable. Cut dividend. Too many other, better opportunities out there.

electrical utilities
BUY ON WEAKNESS

Rising interest rates hard on business (debt costs going up). Cuts on interest rates not coming as quickly as anticipated. Would wait before buying. Might be a technical bottom soon. 

electrical utilities
DON'T BUY

Doesn't see a lot of growth in the next couple of years. For income stocks, wants to see visibility to cashflow growth to fund dividend and possibly increase. Hasn't yet sold renewable power division, not a great environment for that.

electrical utilities
Unspecified

It is in both the alternative and standard energy space but is selling its renewable assets. He is not sure of the prices these will bring in at this point. It could rebuild but big investments are needed in this space. Input costs are higher now and the industry needs electricity prices to go higher.

electrical utilities
DON'T BUY

Tough period the past few years with high debt and poor management. Company needs major overhaul on assets. In the meantime, would not buy shares. High capital requirements with returns not high enough to justify risk. Better names in the sector. 

electrical utilities
PAST TOP PICK
(A Top Pick Feb 15/23, Down 18%)

Disappointing. Valuation is inexpensive which, on its own, doesn't justify an investment. Activists involved, lots of pressure to break up company. Positive things should happen this year. Not ready to give up yet.

Plan is to spin off renewables for someone else to buy. Left with pure-play utility valuation. Path to realized value to at least get back to cost.

electrical utilities
SELL

Thought with resurging energy prices and the thrust to renewable energy, that the sector would be better. Renewable power still worthwhile. Company and sector got over their skis. He largely sold. Bounce back won't be quick.

electrical utilities
SELL

Tricky. He bought at $8 and sold at $17 because he didn't like their purchase of Kentucky Electric. Their business is part renewable energy, which is pretty good, and will benefit from strong tailwinds over time, but their assets are average. Their electric utility business brings some stability but little growth. They have major capex to convert utilities from coal. Also, they had debt issues, so they cut their dividend. Their crown jewel--water utility, isn't a huge business, but it's worth a lot and they might sell it. They need to reduce debt and decide whether they want to be about renewables (likely on the chopping block) or electric utility. But the latter has been depressed due to high interest rates in recent years. Take your loss and move on. Doesn't see much upside.

electrical utilities
DON'T BUY

Has since sold shares (January 2023). Company in big trouble with floating rate debt. Recent dividend cut very hard on investors. Renewal power business up for sale, but not getting much interest. Would recommend selling and/or not investing. Dividend also not growing. 

electrical utilities
PARTIAL BUY

Long term in Canada, utilities rank #16 out of 18; short term it's #15. Took small position based on really good value. Support at $7.75, and $6.84. Decent dividend. Buy 1/2, leave it, then decide if you want to buy more based on strength.

electrical utilities
COMMENT

He was a longtime holder until the last CEO left. It was a very well-run business, but they overextended to buy assets in Spain. The structure was complicated. All the independent power producers suffered higher costs for materials as interest rates rose. AQN has new managers who did a strategic review, so AQN appears more stable. Was upgraded today. We may have seen a bottom below $7. 

electrical utilities
Unspecified

He is uncertain as to whether to add to it but is interested. It has been in a downward trend with a recent upturn. It is showing a reverse head and shoulders which is a good sign.

electrical utilities
WATCH
Owns the preferred shares.

Strategic review right now. Don't get in right now. See how the review goes.

He owns the rate reset, preferred shares. Flat this year, but resetting at over 6%. Difficult, contractually, to cut the preferred dividend. If these shares were redeemed, you could make a significant capital gain.

electrical utilities
BUY

Added at share price below $10. Good time to buy at current share price. Would add more. 

electrical utilities
Showing 1 to 15 of 525 entries

Algonquin Power & Utilities Corp(AQN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 20

Total Signals / Votes : 34

Stockchase rating for Algonquin Power & Utilities Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 34 stock analysts published opinions about AQN-T. 10 analysts recommended to BUY the stock. 20 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

34 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 2024-05-24, Algonquin Power & Utilities Corp (AQN-T) stock closed at a price of $8.93.