Professional
Added to YB: 2025-01-13
Pitch date: 2024-12-10
AQN [bullish]
Algonquin Power & Utilities Corp.
+14.25%
current return
Author Info
No bio for this author
Company Info
Algonquin Power & Utilities Corp. operates in the power and utility industries. The company operates through Regulated Services Group and Hydro Group segments.
Market Cap
CAD 3.7B
Pitch Price
CAD 4.53
Price Target
7.56 (+45%)
Dividend
5.37%
Sector
Multi-Utilities
Category
turnaround
Stern IAG New Position: Algonquin Power & Utilities Corp.
AQN: Pure-play regulated utility post-renewables sale. 16 jurisdictions, $7.15bn rate base, 58% electric, 22% gas, 20% water. Starboard activist driving turnaround: asset sale, dividend cuts, debt paydown. 5% earnings growth potential, 5.43% yield. Trades 12.7x P/E vs 17.5x peers. Upside from rate cases, acquisitions, water exposure.
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