DON'T BUY

They bought that Kentucky company at a time when they needed to repair their balance sheet. The stock has been punished already, but will take some time to correct. They are cutting their dividend. Wait a year or so to see where the company is at.

electrical utilities
DON'T BUY

He owned it but sold at $16 to $17 since he didn't like the deals it was making. There are too many headwinds in the industry including rising costs to build new structures.

electrical utilities
BUY

Continues to pursue Kentucky Power, which is the right move because utilities don't come up for sale very often. They can take that utility and repurpose it. When a utility comes off so badly, you have to look at it as a buying opportunity. Renewable part struggling, and management needs to do better on this. He doesn't have confidence in management. If the assets are good, management is temporary.

electrical utilities
DON'T BUY

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.

electrical utilities
DON'T BUY
Growth in the power business is slower so avoid the sector. It cut the dividend which is a warning sign.
electrical utilities
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.
electrical utilities
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.
electrical utilities
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.
electrical utilities
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.
electrical utilities
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.
electrical utilities
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%.
electrical utilities
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.
electrical utilities
DON'T BUY
There is a possibility it could be taken out. He has sold and would not buy it back now.
electrical utilities
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.
electrical utilities
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.
electrical utilities
Showing 1 to 15 of 463 entries

Algonquin Power & Utilities Corp(AQN-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 26

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 13

Total Signals / Votes : 45

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, 45 stock analysts published opinions about AQN-T. 26 analysts recommended to BUY the stock. 13 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?

45 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 2023-02-08, Algonquin Power & Utilities Corp (AQN-T) stock closed at a price of $9.9.