Added to YB: 2025-02-04
Pitch date: 2025-02-02
AQN [bullish]
Algonquin Power & Utilities Corp.
+45.2%
current return
Author Info
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Company Info
Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
Market Cap
CAD 4.6B
Pitch Price
CAD 4.07
Price Target
10.00 (+69%)
Dividend
4.39%
EV/EBITDA
12.72
P/E
22.97
EV/Sales
4.65
Sector
Multi-Utilities
Category
turnaround
Turnaround Story: Lots of Upside if AQN can Stick the Landing
AQN: Turnaround play, new CEO. Shifting to pure-play regulated utility. Sold renewables for $3.5B, cut dividend 60%. $1B rate base not in rates, filings ongoing. Hydro sale potential $350M+. Sum-of-parts valuation $6.60/sh. 65% payout on optimized earnings = $6.80/sh. 50% upside to C$10/sh. Risks: CFO departure. 6% yield while waiting.
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