Algonquin Power & Utilities Corp (NYSE: AQN) stock suffered a major decline of -12.6% on 8/9/24. The shares closed at $5.41. Moreover, trading volume in this decline was exceptionally high at 386% of normal. The stock has performed in line with the market over the last nine months and has declined -12.6% during the last week.
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 B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Algonquin Power & Utilities has a very high Appreciation Score of 88 but a slightly negative Power Rating of 38, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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