Latest news with #AlgonquinPower&UtilitiesCorp
Yahoo
4 days ago
- Business
- Yahoo
Why Algonquin Power & Utilities Corp. (AQN) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Algonquin Power & Utilities Corp. (NYSE:AQN) stands against other worst-performing stocks on Wednesday. Algonquin Power dropped its share prices by 4.82 percent on Wednesday to close at $5.92 apiece following an investment firm's downgrade of its stock. On Wednesday, National Bank downgraded Algonquin Power & Utilities Corp. (NYSE:AQN) to 'sector perform' from 'outperform' previously, but maintained its price target at $6.75. According to National Bank, its decision was based on the company's three-year earnings per share reset, which aligns with consensus estimates for 2025 and 2026, and ahead for 2027, but lags behind its previous forecasts due to capital expenditures, Hypothetical Liquidation at Book Value (HLBV), and rate case awards. An engineer in a control room monitoring a massive system, demonstrating the capabilities of rate-regulated utilities. According to Algonquin Power & Utilities Corp. (NYSE:AQN), it budgeted $2.5 billion into regulated assets over the next three years, while increasing its rate base to $9.1 billion by 2027. No equity issuance is expected during the said periods. 'Algonquin possesses the foundational elements of a premier pure-play utility, and the opportunity to create meaningful value is what drew me to the Company,' said Algonquin Power & Utilities Corp. (NYSE:AQN) CEO Rod West. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Why Algonquin Power & Utilities Corp. (AQN) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Algonquin Power & Utilities Corp. (NYSE:AQN) stands against other Tuesday's best performers. Algonquin Power surged by 15.83 percent on Tuesday to close at $6.22 apiece following an upbeat business outlook for the next two years. As part of its 'Back to Basics' customer-centric capital plan, Algonquin Power & Utilities Corp. (NYSE:AQN) issued its outlook guidance for the rest of the year through 2027, with adjusted net earnings per share of $0.30-$0.32 for 2025; $0.35 – $0.37 for 2026; and $0.42 – $0.46 for 2027. An engineer in a control room monitoring a massive system, demonstrating the capabilities of rate-regulated utilities. The company also said that it would focus on organic capital investment, allocating a budget of $2.5 billion over the next two years. No equity issuance is expected during the said periods. 'Algonquin possesses the foundational elements of a premier pure-play utility, and the opportunity to create meaningful value is what drew me to the Company,' said Algonquin Power & Utilities Corp. (NYSE:AQN) CEO Rod West. 'While I am pleased with the progress underway, I am resolute in sharpening the company's ability to excel at the basics. The plan for the future is shaped around intertwining operational excellence and stakeholder engagement in the DNA of the company to achieve better outcomes for all stakeholders,' he added. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
10-05-2025
- Business
- Yahoo
Why Algonquin Power & Utilities Corp. (AQN) Soared On Friday
We recently published a list of In this article, we are going to take a look at where Algonquin Power & Utilities Corp. (NYSE:AQN) stands against other Friday's best-performing stocks. The stock market edged lower on the last day of the trading week as investors sold off positions to mitigate risks from the anticipated trade talks between the US and China this weekend. The Dow Jones and the S&P 500 both fell by 0.29 percent and 0.07 percent, respectively. In contrast, the tech-heavy Nasdaq ended flat. Beyond the major indices, 10 companies traded strongly, finishing with as much as double-digit gains, thanks to the continued positive earnings performance and optimistic outlooks. In this article, we name Friday's 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. An engineer in a control room monitoring a massive system, demonstrating the capabilities of rate-regulated utilities. Algonquin saw its share prices jump by 9.71 percent on Friday to close at $5.99 apiece as investors cheered the company's swing to profitability in the first quarter of the year. In a statement, Algonquin Power & Utilities Corp. (NYSE:AQN) said that it achieved a net income attributable to shareholders of $96.8 million, a reversal of the $89.1 million net loss recorded in the same period last year. 'Our results were solid, reflecting the strength of our core regulated utility operations, even when accounting for one-time items that contributed positive tailwinds,' said Algonquin Power & Utilities Corp. (NYSE:AQN) CEO Rod West, adding that he was encouraged by the opportunities ahead. The company said that it would elaborate on its earnings performance in an investor call on June 3. In other news, Algonquin Power & Utilities Corp. (NYSE:AQN) declared a cash dividend of $0.65 per share to shareholders for the period from April 1 to June 30, 2025. The dividends will be paid out on July 15. Shareholders can also opt to receive the dividends in Canadian dollars in the amount of C$0.0897. Overall, AQN ranks 9th on our list of Friday's best-performing stocks. While we acknowledge the potential of AQN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AQN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Why Algonquin Power & Utilities Corp. (AQN) Soared On Friday
We recently published a list of In this article, we are going to take a look at where Algonquin Power & Utilities Corp. (NYSE:AQN) stands against other Friday's best-performing stocks. The stock market edged lower on the last day of the trading week as investors sold off positions to mitigate risks from the anticipated trade talks between the US and China this weekend. The Dow Jones and the S&P 500 both fell by 0.29 percent and 0.07 percent, respectively. In contrast, the tech-heavy Nasdaq ended flat. Beyond the major indices, 10 companies traded strongly, finishing with as much as double-digit gains, thanks to the continued positive earnings performance and optimistic outlooks. In this article, we name Friday's 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. An engineer in a control room monitoring a massive system, demonstrating the capabilities of rate-regulated utilities. Algonquin saw its share prices jump by 9.71 percent on Friday to close at $5.99 apiece as investors cheered the company's swing to profitability in the first quarter of the year. In a statement, Algonquin Power & Utilities Corp. (NYSE:AQN) said that it achieved a net income attributable to shareholders of $96.8 million, a reversal of the $89.1 million net loss recorded in the same period last year. 'Our results were solid, reflecting the strength of our core regulated utility operations, even when accounting for one-time items that contributed positive tailwinds,' said Algonquin Power & Utilities Corp. (NYSE:AQN) CEO Rod West, adding that he was encouraged by the opportunities ahead. The company said that it would elaborate on its earnings performance in an investor call on June 3. In other news, Algonquin Power & Utilities Corp. (NYSE:AQN) declared a cash dividend of $0.65 per share to shareholders for the period from April 1 to June 30, 2025. The dividends will be paid out on July 15. Shareholders can also opt to receive the dividends in Canadian dollars in the amount of C$0.0897. Overall, AQN ranks 9th on our list of Friday's best-performing stocks. While we acknowledge the potential of AQN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AQN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Globe and Mail
07-04-2025
- Business
- Globe and Mail
Algonquin Power & Utilities Corp. Announces Date for First Quarter 2025 Financial Results and Conference Call
Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ('AQN') today announced plans to release its first quarter 2025 financial results on Friday, May 9, 2025, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, May 9, 2025, hosted by Chief Executive Officer, Rod West, and Interim Chief Financial Officer and Vice President of Investor Relations, Brian Chin. Conference call details are as follows: Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.
