Professional
Added to YB: 2025-01-13
Pitch date: 2024-12-10
AQN [bullish]
Algonquin Power & Utilities Corp.
+52.04%
current return
Author Info
No bio for this author
Company Info
Algonquin Power & Utilities Corp. operates in the power and utility industries. The company owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
Market Cap
CAD 5.1B
Pitch Price
CAD 4.37
Price Target
7.56 (+14%)
Dividend
3.93%
EV/EBITDA
14.66
P/E
205.18
EV/Sales
5.06
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.
Read full article (9 min)