Recent notable negative changes in fundamentals have impacted Algonquin Power & Utilities Corp (NYSE: AQN): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent extremely meaningful negative changes in investment behavior have impacted Algonquin Power & Utilities Corp (NYSE: AQN): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AQN is expected to continue to be a Value Builder.
Algonquin Power & Utilities has a current Value Trend Rating of C (High Neutral). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Algonquin Power & Utilities has a very high Appreciation Score of 86 but a slightly negative Power Rating of 34, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 6/7/24, Algonquin Power & Utilities Corp (NYSE: AQN) stock declined by -4.2%, closing at $5.94. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.1% during the last week.
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