Algonquin Power Stock Forecast 2023, 2024, 2025, 2030
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Algonquin Power Stock Forecast 2023, 2024, 2025, 2030

by Cavix   ·  December 5, 2022   ·  

Everything you want to know about Algonquin Power stock is in this article. First, let’s talk about the company. Through its subsidiaries, Algonquin Power & Utilities Corp. owns and manages a variety of regulated and unregulated generation, distribution, and distribution utility properties. The business is divided into the Regulated Services Group and also the Renewable Energy Group. In the United States, Canada, Chile, and Bermuda, the Regulated Services Group sector manages a portfolio of utilities that are subject to rate regulation.




To over 1,093,000 user connections in the electricity, natural gas, water, and wastewater sectors, its utilities provide distribution services. The Renewable Energy Group segment produces and markets electricity generation, capacity, ancillary goods, and renewable qualities, principally in the United States and Canada, using its portfolio of clean and renewable power producing facilities.

It also owns and manages a variety of renewable water and electricity infrastructure assets, including hydroelectric, windy, solar, and heat facilities. The business was established in 1988, and its Canadian headquarters are in Oakville.

Stock Ownership For Algonquin Power And Utilities

58.83% of individual investors, 0.00% insiders of Algonquin Power & Utilities(Algonquin Power stock) and 41.17% institutional shareholders own Algonquin Power and Utilities (NYSE: AQN). The largest individual shareholder of Algonquin Power and Utilities is Bank of Montreal, which holds 48.06 million shares, or 7.06% of the firm. Algonquin Power and Utilities shares owned by Bank of Montreal are presently valued at $362.82M.

Highlights Of Q3 2022’s Finances

In comparison to the third quarter of 2021, adjusted EBITDA1 increased by 10% to $276.1 million. When compared to the third quarters of 2021, adjusted net earnings1 were $73.5 million, a 25% decline. A $23.3 million increase in interest expense due to borrowing to support expansion and rising interest rates had a negative impact on Adjusted Net Earnings1 year over year.

Additionally, the Company recorded reduced year over year recognition of expenditure tax credits and generation tax credits of $17.1 million, primarily comprised updated estimates for renewable projects that are now anticipated to enter service in 2023.

Competitors Of Algonquin Power And Utilities

Aker Offshore Wind AS (AKOWF), Alter NRG (NRG), Altius Renewable Royalties (ATRWF), and APA Group are among Algonquin principal rivals. Other competitors are including 1414 Degrees (14D), A2A (AEMMY), AES Tietê Energia (AESTY), AGL Energy (AGLXY), AGL Energy (AGLNF), AGL Energy (AGL), and AGL Energy (AGL) (APAJF). The “utilities” category includes all of these businesses.

Based on the potency of the dividends, press sentiment, community rank, risk, valuation, efficiency, earnings, analyst recommendations, and institutional ownership, we will compare and contrast the two businesses.

Users gave neither 1414 Degrees nor Algonquin any points for superior performance. The typical media rating for the previous week was 0.00 for 1414 Degrees and 0.00 for Algonquin. The income and profitability of Algonquin surpass those of 1414 Degrees.

What Does Algonquin Stock Currently Trade For?

What Does Algonquin Stock Currently Trade For?

(NASDAQ: AQN) The 52-week high and low for Algonquin Power & Utilities, respectively, were $16.01 and $7.25. Right now, it is 4.14% away from its 52-week low and -52.84% away from its 52-week high. The current share price for Algonquin Power and Utilities is $7.55 (NYSE: AQN) (as of Dec 3, 2022).

(NASDAQ: AQN) There are presently 680,870,761 outstanding shares of Algonquin Power & Utilities. The market capitalization of Algonquin Power stock, which is currently trading at $7.55 per share, is $5.14 billion.

The Algonquin Power stock was initially listed on December 29, 2009, at a price of $3.87. Your return over the past 12 years would of been 95.09% if you had purchased Algonquin Power and Utilities shares at $3.87, for an annualised rate of 5.73%.

What Is Algonquin Power And Utilities Price Target?

(NASDAQ: AQN) As of December 5, 2022, Algonquin Power and Utilities’s market capitalization was $5.14B. The total selling price of a publicly traded company’s shareholdings is known as market cap (market capitalization).




The market capitalization of Algonquin Power and Utilities is determined by dividing the current share price of $7.55 of AQN by the 680,870,761 outstanding Algonquin Power stock.

Earnings & Revenue of Algonquin Power & Utilities

Algonquin Power and Utilities (NYSE: AQN) reported Q3 2022 earnings per Algonquin Power stock (EPS) of -$0.29 on November 11, 2022, an increase of 480% from the previous year. The total revenue for the quarter for Algonquin Power & Utilities was -$197.37 million. Algonquin Power & Utilities’s earnings per share (EPS) for the same quarter last year were -$0.05.

Algonquin Power and Utilities’s earnings as of Q4 2022 had decreased -93.07% year over year. This is 218.64 percentage points less than the 125.57% earnings growth rate for the US Utilities – Renewable industry. The yearly revenue for Algonquin Power and Utilities was $29.14 million.

Algonquin Power and Utilities (NYSE: AQN) announced Q3 2022 revenues of $666.72 million on November 11, 2022, increasing 26.14% over the same period the previous year. Algonquin Power and Utilities’s revenue for the same month last year was $528.58 million.

Dividends FAQ For Algonquin Power And Utilities

Within the last three months, Algonquin Power stock has given a dividend. The next dividend payment date for Algonquin Power and Utilities is January 13, 2023, when shareholders that owned AQN shares before December 29, 2022, will get a special dividend of $0.1808 per share. If you want to be informed when AQN pays its next dividend, add it to your watchlist.

A $0.70 dividend per share is given by AQN. The dividend yield for AQN is 9.31% annually. The dividend paid by Algonquin Power & Utilities is higher than both the US market average of 3.83% and the US industry in which it operates of 3.66%.

The next ex-dividend date for Algonquin Power and Utilities is 2022-12-29. The following quarterly dividend of $0.1808 per share will be made to Algonquin Power and Utilities stockholders who held Algonquin stock prior to this date on January 13, 2023. To be alerted before AQN’s ex-dividend date, add it to your watchlist. The dividend paid by AQN has increased during the past ten years.

Is The Price Of AQN Stock Accurate?

To determine Algonquin Power stock intrinsic value, investors use a variety of financial measures, analysis, models, and charts.




According to methods of relative valuation, Algonquin Power stock may be undervalued given that its P/E ratio is higher than that of the Utilities – Renewable industry, which is -6.57x. Algonquin Power stock P/E ratio is 107.86x. Depending on its P/B ratio of 0.96x compared to the Utilities – Renewable sector P/B ratio of 2.38x, AQN may be undervalued. Based on it’s own PEG ratio of 0.5x, AQN might be cheap.

Here Are Some Key Positive Financial Indicators From AQN Financials

In cash and short-term investments, Algonquin Power stock has $125.51 million. This is enough to fund its $666.04M annual cash burn. In comparison to shareholder equity, total AQN debt is lower today than it was five years ago. Financially poor indicators include AQN’s 666043000 cash burn. It lacks the liquidity and short-term investments necessary to cover this.

In the last year, Algonquin Power stock profit margin has decreased from 26.8% to 1.1%. On the balance sheet of Algonquin Power stock, long-term liabilities outnumber short-term assets. On the AQN balance sheet, short-term liabilities outnumber short-term assets. With a ratio of 2.04, AQN’s debt to equity is comparatively high.

Performance Metrics For AQN

Earnings for Algonquin stock in 2017 were $29.14M. The earnings growth rate for Algonquin Power stock over the past five years has been -28.48% annually. This was less rapid than the 10.41% industry average for Utilities – Renewable.

Revenue for Algonquin Power stock in 2017 was $2.62 billion. The revenue of AQN has increased by 14.53% annually during the last five years. This was less rapid than the 61.4% industry average for Utilities – Renewable.

In contrast to the Utilities – Renewable firm’s average dividend growth of 3.66%, Algonquin Power and Utilities runs a deficit of 9.31%. In the previous year, you would have got $93.09 if you had $1,000 worth on Algonquin Power stock. Dividend payments from Algonquin Power and Utilities have increased steadily over the previous nine years while remaining constant.

How To Buy Algonquin Power And Utilities Stock

Here are the final 6 stages for purchasing Algonquin Power and Utilities stock:

Find out where to purchase shares in Algonquin Power & Utilities. Open an account with a brokerage. Contribute funds to your investment account. Examine the shares of Algonquin Power & Utilities. Put in a trade on AQN. Monitor your investment in AQN. You should continue to monitor your new investment now that you have some Algonquin Power stock.

Newest AQN Analyst Predictions

On November 30, 2022, Andrew Kuske, a bottom 17% analyst of Credit Suisse, lowers their price objective for Algonquin Power stock from $12.00 to $10.75 while maintaining a buy recommendation. On November 14, 2022, Sean Steuart, a top 26% expert at TD Securities, drags down AQN to a hold recommendation and cuts their $13.00 price objective to $10.00.

On November 14, 2022, Nelson Ng, a bottom 30% RBC Capital analyst, downgrades AQN to an underlying securities and decreases their AQN price objective from $17.00 to $12.00.




On November 14, 2022, BMO Capital’s top 48% analyst, Ben Pham, downgrades Algonquin Power stock to such a hold recommendation and decreases their price objective for the stock from $17.50 to $11.00. On October 19, 2022, Wells Fargo top 5% analyst Neil Kalton holds Algonquin stock with a lending institution and drops their price objective for the stock from $16.00 to $13.00.

Is Algonquin Power And Utilities Stock A Good Buy?

Five Wall Street analysts that follow the (NYSE: AQN) Algonquin Power stock agree that it is best to hold. Out of Five analysts, 0 (%) recommends AQN as a High Buy, 1% suggests AQN as just a Buy, 4 (80%) suggest AQN as a Hold, 0% suggests AQN as a Sell, and 0% recommends AQN as a Strong Sell.

Algonquin Power & Utilities’s projected annual earnings annual growth of 239.05% is expected to surpass both the average projected earnings growth rate for the US Utilities – Renewable industry of 5.41% and the average projected earnings growth rate for the US market of 20.09%.

The revenue for Algonquin Power and Utilities in 2022 is $29,139,000. The average Algonquin Power stock forecast of AQN’s 2022 profits from 5 Wall Street experts is $503,844,363, with the correct figure coming in at $497,035,656 and the highest estimate coming in at $517,461,778.

(NASDAQ: AQN) The recent Earnings Per Share (EPS) for Algonquin Power & Utilities is $0.07. The average analyst estimate for Algonquin stock EPS for 2022 is $0.74, with the lowest estimate coming in at $0.73 and the highest estimate coming in at $0.76.

Algonquin Power And Utilities (AQN) Forecast 2023

Algonquin Power And Utilities (AQN) Forecast 2023

The average Algonquin Power stock forecast of five Wall Street analysts is $551,505,316 for AQN’s 2023 profits, with the lowest estimate coming in at $497,035,656 and the highest estimate coming in at $565,122,732.




By November 30, 2023, Wall Street analysts anticipate company Algonquin Power and Utilities’s stock price will likely hit $11.35. The typical analyst’s prognosis for Algonquin Power & Utilities’ stock price points to a potential increase of 50.33% from the firm’s present price of $7.55.

The average analyst estimate for Algonquin Power stock EPS for 2023 is $0.81, with the lowest Algonquin Power stock forecast coming in at $0.73 and the highest estimate coming in at $0.83.

Algonquin Power And Utilities (AQN) Forecast 2024

The Algonquin Power stock forecast in 2024 are $585,548,854, with the lowest Algonquin Power stock forecast coming in at $578,740,147 and the high Algonquin Power stock forecast coming in at $585,548,854.

The Algonquin Power stock forecast in 2024 is $2,154,862,679,271, with the lowest revenue estimate being $2,123,002,693,751 and the largest Algonquin Power stock forecast being $2,186,722,664,790. The estimated AQN EPS for 2024 is $0.86 (range: $0.85 to $0.86).

(NYSE: AQN) is anticipated to have a ROA of 3.32%, exceeding the anticipated US Utilities – Renewables average rate of 2.63%. (NYSE: AQN) is expected to have a bad ROE of 10.95%.

 

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