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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
HOLD

Underperformed. Sold wind and solar assets at a really good price. Going forward, will grow 5-7%. Disappointed by stock price performance, but you can't own assets any cheaper than this. Holding while she waits for more clarity.

electrical utilities
WATCH

Rough waters, has not been an easy hold. Pressured by interest rates, dividend cut. A lot of negatives baked into the price. He looks at it from time to time for his clean energy portfolio, but isn't quite there yet. More interesting at these lower valuations. Doesn't consider takeover potential as a rationale for long-term investing.

electrical utilities
COMMENT

It has had a wild ride and may be in a position of basing. Shouldn't be too bad. It is OK for the dividend.

electrical utilities
HOLD

He's not the right guy to ask about M&A and whether a Suncor would purchase them. Exiting green energy caused downgrades. He owns, likes it bigger picture, but is evaluating. 

electrical utilities
DON'T BUY

he sold it a year and a half ago - It has too much debt. It has cut its dividend twice in the past year. It is now just a regulated utility after the sale of its renewable power division and some think it was not at a good enough price.

electrical utilities
SELL

Don't catch the falling knife. Challenged. Dividend cut, high debt levels, restructuring. Positive steps being taken. He needs to see restructuring follow through, debt reduced significantly. 

electrical utilities
HOLD

This could be held long term since there should be a re-rate opportunity with new management coming in and cleaning up the balance sheet. It could be similar to the recovery of Alta Gas.

electrical utilities
DON'T BUY

Sold some time ago when debt load became problematic. Even with stock decline, other names in the utilities space she'd prefer. A potential sale of renewable power division still hasn't happened.

electrical utilities
HOLD

Pretty good dividend yield of 7% for income, seems safe. Trading in a range. Not exciting if you want any kind of capital gains.

electrical utilities
BUY

It has 2 businesses: renewables and regulated utilities. AQN trades under 12x PE whereas a pure-play renewable or pure-play utility would trade a lot higher. AQN has changed management and aim to optimize their assets. He sees a lot of value here, so he has actually added to it. He sees a plan in place to realize value, and it's trickling through. There are plans to spin off or sell the renewable business to return to being a pure utility. The market isn't giving AQN any credit, so AQN sits in the penalty box because of past management mistakes.

electrical utilities
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
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Algonquin Power & Utilities Corp(AQN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 14

Total Signals / Votes : 27

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, 27 stock analysts published opinions about AQN-T. 7 analysts recommended to BUY the stock. 14 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?

27 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 2024-09-06, Algonquin Power & Utilities Corp (AQN-T) stock closed at a price of $7.08.