Professional
Added to YB: 2025-01-13
Pitch date: 2024-12-10
AQN [bullish]
Algonquin Power & Utilities Corp.
-3.77%
current return
Author Info
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Company Info
Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions.
Market Cap
CAD 3.3B
Pitch Price
CAD 4.58
Price Target
7.56 (+71%)
Dividend
6.00%
Sector
Multi-Utilities
Category
turnaround
Show full summary:
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.
Read full article (9 min)