Algonquin Power & Utilities logo

Algonquin Power & UtilitiesNYSE: AQN

Profile

Sector:

Utilities

Industry:

Renewable

Country:

Canada

IPO:

29 December 2009

Next earnings report:

07 November 2024

Last dividends:

27 September 2024

Next dividends:

N/A
$3.62 B
-66%vs. 3y high
48%vs. sector
-87%vs. 3y high
85%vs. sector
-69%vs. 3y high
8%vs. sector
-70%vs. 3y high
27%vs. sector

Price

after hours | Fri, 01 Nov 2024 23:50:38 GMT
$4.72-$0.17(-3.48%)
$598.63 M$598.92 M
$598.63 M$200.77 M

Analysts recommendations

Institutional Ownership

AQN Latest News

Analysts Estimate Algonquin Power & Utilities (AQN) to Report a Decline in Earnings: What to Look Out for
zacks.com31 October 2024 Sentiment: NEGATIVE

Algonquin Power & Utilities (AQN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Algonquin Power: Has Growth Potential, But Patience Will Be Needed
seekingalpha.com27 October 2024 Sentiment: POSITIVE

Algonquin is divesting renewable assets to focus on regulated services, aiming for stable profits and dividends. The company's regulated services are under-earning but expected to improve with new rate approvals, particularly in New York and Bermuda. Algonquin's financial leverage will decline post-renewables separation, aided by recent dividend cuts.

Algonquin Power & Utilities Corp. Announces Date for Third Quarter 2024 Financial Results and Conference Call
prnewswire.com11 October 2024 Sentiment: POSITIVE

OAKVILLE, ON , Oct. 11, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its third quarter 2024 financial results on Thursday, November 7, 2024, before market open. AQN will hold an earnings conference call at 10:00 a.m.

Algonquin Stock Likely To Double After Renewables Separation
seekingalpha.com28 September 2024 Sentiment: POSITIVE

Algonquin is transitioning to a pure-play regulated utility, exiting merchant power activities to reduce debt and simplify its business, creating significant shareholder value. The utility sector is currently thriving due to rising power demand, declining rates and rising regulated revenues, making it an attractive investment. Algonquin is trading at a significant discount to peers, with the potential for its equity value to double as it adds assets to its rate base.

My 3 Worst High-Yield Investments Ever
seekingalpha.com20 August 2024 Sentiment: NEUTRAL

Investing in high-yielding stocks reduces the risk of misallocating capital compared to high-growth stocks. However, I have still made my fair share of mistakes. I share my lessons learned from the 3 worst high-yield investments ever.

Algonquin Power: Measure Once, Cut Twice
seekingalpha.com09 August 2024 Sentiment: NEGATIVE

AQN missed top line numbers in Q2-2024, with revenues declining year over year by 5%. It announced the sale of its renewable energy business for up to $2.5 billion. The company adjusted its common share dividend reducing it by approximately 40% for Q3-2024.

LS Power Agrees to Acquire Large Scale Renewable Energy Business from Algonquin Power & Utilities Corp.
prnewswire.com09 August 2024 Sentiment: POSITIVE

NEW YORK , Aug. 9, 2024 /PRNewswire/ -- LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector, today announced it has reached an agreement with Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN") to acquire its renewable energy business (the "Renewables Business"). The Renewables Business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more than 3,000 megawatts (MW) of generating capacity and an 8,000 MW pipeline of wind, solar, battery energy storage and renewable natural gas projects in various stages of development.

Algonquin Power & Utilities to sell renewable energy business for up to $2.5 bln
reuters.com09 August 2024 Sentiment: POSITIVE

Canada's Algonquin Power & Utilities Corp said on Friday that it is selling its renewable energy business, excluding hydropower operations, to a wholly-owned subsidiary of LS Power for up to $2.5 billion.

Algonquin Power & Utilities Corp. Declares Third Quarter 2024 Common Share Dividend of U.S.$0.0650 (C$0.0893), and Declares Third Quarter 2024 Preferred Share Dividends
prnewswire.com09 August 2024 Sentiment: POSITIVE

OAKVILLE, ON , Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN) announced today that the board of directors has declared the following common and preferred share dividends: US$0.0650 per common share, payable on October 15, 2024, to the shareholders of record on September 30, 2024, for the period from July 1, 2024 to September 30, 2024.  Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0893.

Algonquin Power & Utilities Corp. Announces 2024 Second Quarter Financial Results
prnewswire.com09 August 2024 Sentiment: POSITIVE

Continuing Ongoing Strategic Transition to a Pure-Play Regulated Utility Company to Hold Second Quarter Earnings Conference Call at 8:30 am E.T. OAKVILLE, ON , Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") announced today financial results for the second quarter ended June 30, 2024.

What type of business is Algonquin Power & Utilities?

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2023, it provided distribution services to approximately 1,256,000 customer connections in the electric (approximately 309,000 customer connections), water and wastewater (approximately 572,000 customer connections), and natural gas sectors (approximately 375,000 customer connections). The company's electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, and in Bermuda. Its regulated water distribution and wastewater collection utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York and Texas, and in Chile. The company's regulated natural gas distribution utility systems located in the province of New Brunswick and the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire and New York. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. The company generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its renewable and clean power generation facilities. It has economic interests in hydroelectric, wind, solar, renewable natural gas, and thermal facilities. As of December 31, 2023, it had a combined net generating capacity attributable to the Renewable Energy Group of approximately 2.7 GW. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

What sector is Algonquin Power & Utilities in?

Algonquin Power & Utilities is in the Utilities sector

What industry is Algonquin Power & Utilities in?

Algonquin Power & Utilities is in the Renewable industry

What country is Algonquin Power & Utilities from?

Algonquin Power & Utilities is headquartered in Canada

When did Algonquin Power & Utilities go public?

Algonquin Power & Utilities initial public offering (IPO) was on 29 December 2009

What is Algonquin Power & Utilities website?

https://algonquinpower.com

Is Algonquin Power & Utilities in the S&P 500?

No, Algonquin Power & Utilities is not included in the S&P 500 index

Is Algonquin Power & Utilities in the NASDAQ 100?

No, Algonquin Power & Utilities is not included in the NASDAQ 100 index

Is Algonquin Power & Utilities in the Dow Jones?

No, Algonquin Power & Utilities is not included in the Dow Jones index

When was Algonquin Power & Utilities the previous earnings report?

No data

When does Algonquin Power & Utilities earnings report?

The next expected earnings date for Algonquin Power & Utilities is 07 November 2024