(AQN) Algonquin Power & Utilities - Ratings and Ratios

Algonquin Power & Utilities Corp is a diversified energy company operating in the power and utility industries, with a presence in the United States, Canada, Bermuda, and Chile. The company is divided into two main segments: Regulated Services Group and Hydro Group, providing a range of essential services including electric, water, and natural gas distribution, as well as transmission and generation assets. With a customer base of approximately 1,265,000 connections, AQN has established a significant presence in the renewable energy sector.

The companys regulated utility systems are strategically located across various regions, including the states of Arkansas, California, Kansas, and others, providing a stable source of revenue. AQNs diversified portfolio includes electric, water, and natural gas distribution systems, as well as transmission and generation assets, which are expected to continue to drive growth in the coming years. The companys hydroelectric power generation facilities, located in the Canadian provinces of Alberta, Ontario, and Quebec, contribute to its renewable energy profile.

Analyzing the and , we can infer that AQNs stock has been trending upwards, with a current price of $8.02 and a 20-day SMA of $7.80, indicating a potential buy signal. The stocks 52-week high and low are $8.54 and $6.02, respectively, suggesting a relatively stable price range. With a market capitalization of $6.234 billion CAD and a forward P/E ratio of 19.72, AQN appears to be reasonably valued. Considering the companys diversified portfolio, stable customer base, and growth prospects, we forecast that AQNs stock price will reach $9.50 within the next 12-18 months, driven by its continued investment in renewable energy and expanding customer base.

Our forecast is based on the analysis of AQNs and , which indicate a strong potential for growth. The companys commitment to renewable energy, diversified portfolio, and stable customer base are expected to drive its stock price higher. With a current dividend yield not explicitly stated but potentially attractive given the sector, AQN presents an interesting opportunity for investors seeking exposure to the renewable energy sector. As the company continues to expand its operations and invest in new projects, we expect its stock price to reflect this growth, potentially reaching the forecasted price of $9.50.