AQN Stock Analysis: Algonquin Power & Utilities | NYSE
Utilities - Diversified | NYSE, USA | Market Cap: 4.295m USD | 12M Return: 2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.3M
EPS Trend: -96.2%
Qual. Beats: 1
Rev. Trend: -65.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Algonquin Power & Utilities Corp. (AQN) is a Canada-based multi-utility holding company that owns and operates regulated electric distribution, water and wastewater, and natural gas utility systems, alongside hydroelectric generation assets. As of December 31, 2025, the company served approximately 1.27 million customer connections across the United States, Canada, Bermuda, and Chile, with its operations organized across three regulated segments: electric distribution (about 311,000 connections), water and wastewater (about 583,000 connections), and natural gas distribution (about 378,000 connections).
In addition to its regulated T&D businesses, AQN holds approximately 2.0 GW of gross generating capacity from owned assets and investments in roughly 0.3 GW of net generation capacity. Its owned generation consists of 14 hydroelectric facilities located in four Canadian provinces (Alberta, Ontario, New Brunswick, and Quebec), with combined gross capacity of about 112 MW and net capacity of about 105 MW. The company was incorporated in 1988 and is headquartered in Oakville, Ontario, with an equity listing on the NYSE.
As a multi-utility, AQNs revenue base is diversified across multiple service lines and jurisdictions, which is a common structural feature in the sector that can reduce concentration risk relative to single-service utilities. The regulated nature of its electric, gas, and water operations means earnings are largely tied to rates and service frameworks approved by state, provincial, or national regulators in each operating territory, generally supporting more predictable cash flows than competitive generation.
- US state rate case approvals support allowed return growth
- Dividend sustainability pressured by elevated leverage and interest costs
- Hydropower output and renewable PPA pricing drive generation segment margin
| Net Income: 170.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 2.50 > 1.0 |
| NWC/Revenue: 2.07% < 20% (prev 6.40%; Δ -4.33% < -1%) |
| CFO/TA 0.04 > 3% & CFO 579.4m > Net Income 170.2m |
| Net Debt (6.65b) to EBITDA (966.2m): 6.89 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (772.9m) vs 12m ago 0.30% < -2% |
| Gross Margin: 72.56% > 18% (prev 65.31%; Δ 7.25% > 0.5%) |
| Asset Turnover: 18.25% > 50% (prev 17.31%; Δ 0.94% > 0%) |
| Interest Coverage Ratio: 1.61 > 6 (EBIT TTM 553.0m / Interest Expense TTM 342.9m) |
| A: 0.00 (Total Current Assets 1.17b - Total Current Liabilities 1.12b) / Total Assets 14.1b |
| B: -0.21 (Retained Earnings -2.94b / Total Assets 14.1b) |
| C: 0.04 (EBIT TTM 553.0m / Avg Total Assets 13.9b) |
| D: 0.52 (Book Value of Equity 4.67b / Total Liabilities 9.04b) |
| Altman-Z'' = 0.16 = B |
| DSRI: 0.89 (Receivables 499.6m/523.0m, Revenue 2.53b/2.37b) |
| GMI: 0.90 (GM 65.31% / 72.56%) |
| AQI: 1.01 (AQ_t 0.22 / AQ_t-1 0.22) |
| SGI: 1.07 (Revenue 2.53b / 2.37b) |
| TATA: -0.03 (NI 170.2m - CFO 579.4m) / TA 14.1b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of July 12, 2026, the stock is trading at USD 5.65 with a total of 2,626,518 shares traded. Over the past week, the price has changed by +3.10%, over one month by -3.35%, over three months by -10.61% and over the past year by +2.02%.
Current recommended Stop Loss: 5.40 (which is 4.4% or 1.8 ATR below the current price).
Algonquin Power & Utilities has received a consensus analysts rating of 3.08. Therefore, it is recommended to hold AQN.
- StrongBuy: 0
- Buy: 1
- Hold: 11
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.8 | 20% |
P/E Trailing = 21.4615
P/E Forward = 15.3139
P/S = 1.6951
P/B = 0.9431
Revenue TTM = 2.53b USD
EBIT TTM = 553.0m USD
EBITDA TTM = 966.2m USD
Long Term Debt = 6.14b USD (from longTermDebt, last quarter)
Short Term Debt = 544.3m USD (from shortTermDebt, last quarter)
Debt = 6.71b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.65b USD (calculated: Debt 6.71b - CCE 55.7m)
Enterprise Value = 10.9b USD (4.29b + Debt 6.71b - CCE 55.7m)
Interest Coverage Ratio = 1.61 (Ebit TTM 553.0m / Interest Expense TTM 342.9m)
EV/FCF = -99.30x (Enterprise Value 10.9b / FCF TTM -110.2m)
FCF Yield = -1.01% (FCF TTM -110.2m / Enterprise Value 10.9b)
FCF Margin = -4.35% (FCF TTM -110.2m / Revenue TTM 2.53b)
Net Margin = 6.72% (Net Income TTM 170.2m / Revenue TTM 2.53b)
Gross Margin = 72.56% ((Revenue TTM 2.53b - Cost of Revenue TTM 695.2m) / Revenue TTM)
Gross Margin QoQ = 67.14% (prev 70.84%)
Tobins Q-Ratio = 0.78 (Enterprise Value 10.9b / Total Assets 14.1b)
Interest Expense / Debt = 5.11% (Interest Expense 342.9m / Debt 6.71b)
Taxrate = 35.22% (74.0m / 210.1m)
NOPAT = 358.2m (EBIT 553.0m * (1 - 35.22%))
Current Ratio = 1.05 (Total Current Assets 1.17b / Total Current Liabilities 1.12b)
Debt / Equity = 1.44 (Debt 6.71b / totalStockholderEquity, last quarter 4.67b)
Debt / EBITDA = 6.89 (Net Debt 6.65b / EBITDA 966.2m)
Debt / FCF = -60.34 (negative FCF - burning cash) (Net Debt 6.65b / FCF TTM -110.2m)
Total Stockholder Equity = 4.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.23% (Net Income 170.2m / Total Assets 14.1b)
RoE = 3.65% (Net Income TTM 170.2m / Total Stockholder Equity 4.66b)
RoCE = 5.12% (EBIT 553.0m / Capital Employed (Equity 4.66b + L.T.Debt 6.14b))
RoIC = 2.66% (NOPAT 358.2m / Invested Capital 13.5b)
WACC = 4.44% (E(4.29b)/V(11.0b) * Re(6.21%) + D(6.71b)/V(11.0b) * Rd(5.11%) * (1-Tc(0.35)))
Discount Rate = 6.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 67.42 | Cagr: 4.67%
[DCF] Fair Price = unknown (Cash Flow -110.2m)
EPS Correlation: -96.20 | EPS CAGR: -22.34% | SUE: 0.87 | # QB: 1
Revenue Correlation: -65.24 | Revenue CAGR: -4.29% | SUE: 0.75 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.04 | Chg30d=-11.54% | Revisions=-50% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.10 | Chg30d=+8.15% | Revisions=+12% | Analysts=9
EPS current Year (2026-12-31): EPS=0.36 | Chg30d=-0.20% | Revisions=+0% | GrowthEPS=+5.1% | GrowthRev=+9.3%
EPS next Year (2027-12-31): EPS=0.40 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+12.5% | GrowthRev=+2.6%
[Analyst] Revisions Ratio: -12% (up=6, down=8)