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Algonquin Power & Utilities Corp.

AQN · NYSE

Market closed$5.84$-0.030000 (-0.51%)After hours $5.89 · +0.86%

Key statistics

Previous close$5.87
Open$5.90
Day high$5.91
Day low$5.79
52-week high$7.11
52-week low$5.32
Market cap4.49B
Volume2.81M
Average volume4.37M
P/E ratio18.25
Forward P/E—
EPS0.32
Dividend yield+4.39%

Market context

Why it moved

AQN edged lower amid a broadly weaker Canadian stock market, with the technology and industrial sectors dragging down the TSX and subdued sentiment weighing on utility stocks like Algonquin Power.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Algonquin Power & Utilities Corp. closed modestly lower, edging down as broader utility sector sentiment remained mixed heading into Q2 earnings season. Analysts recently lifted price targets on the stock, citing the company's continued dividend, regulated utility earnings, and contracted renewable assets as building blocks for a clearer recovery path. The utility sector faces a mixed backdrop, with strong earnings growth expectations for Q2 but the Zacks Utility Electric Power industry ranked in the bottom 36% of industries — tempering near-term enthusiasm even as data center-driven electricity demand underpins longer-term sector optimism.

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July 17, 2026Algonquin Power & Utilities closed higher, with shares gaining as analysts at CIBC World Markets and TD Securities maintained their ratings with target prices of C$9.00 and C$8.50 respectively — both well above current trading levels — reinforcing a recovery narrative. The broader utilities sector also provided a tailwind, with Q2 2026 earnings for the sector expected to grow nearly 14%, and investor appetite for defensive, regulated utility names remaining firm amid broader market caution.

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July 16, 2026Algonquin Power & Utilities Corp. edged slightly lower on the NYSE, though shares ticked up 1.56% in after-hours trading. Analyst optimism has been building around the stock, with coverage noting that continued dividends, regulated utility earnings, contracted renewable assets, and improving valuation assumptions are forming a clearer recovery path. The stock has also outperformed the broader Canadian market over recent sessions, rising on both Monday and Tuesday in Toronto, as the broader utility sector navigates mixed macro signals including a cooler-than-expected U.S. June CPI report that eased rate pressure on yield-sensitive names.

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July 10, 2026Algonquin Power & Utilities closed essentially flat, edging down just 0.18% to $5.65, with after-hours trading nudging the stock modestly higher to $5.72 (+1.24%). Investor focus remains on the company's ongoing transition to a pure-play regulated utility following its renewable energy divestiture, with a recently filed ESOP-linked shelf registration for up to 22 million shares drawing attention as a potential incremental dilution factor. Q1 2026 net income came in lower year-over-year at $86.2 million, though the company maintained its quarterly dividend, and analysts point to unresolved billing issues, rate case outcomes, and improving earned ROE as the key near-term catalysts. Broader utilities sector sentiment was mixed, with XLU pivot analysis suggesting the sector trades in a narrow range, and Q2 utilities sector performance slipping 0.6% amid interest rate sensitivity pressures.

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July 10, 2026Algonquin Power & Utilities closed modestly lower as investors weighed the company's newly filed ESOP-related shelf registration for up to 22 million common shares (~US$131M), which modestly increases potential share supply but doesn't alter the core turnaround narrative. The market remains focused on Algonquin's ongoing transition to a pure-play regulated utility — highlighted by recent rate-case wins in Missouri, California, Massachusetts, and Arizona — alongside a 4.7% dividend yield and strengthened balance sheet, including a US$1.2B term facility. The broader utilities sector (XLU) faced headwinds from renewed US-Iran tensions driving oil higher and reviving inflation/rate concerns.

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July 8, 2026Algonquin Power & Utilities edged higher, closing up modestly and extending gains in after-hours trading, as investors focused on the company's ongoing transformation into a pure-play regulated utility. Recent commentary highlights the company's Q1 rate-case approvals in Missouri, California, Massachusetts, and Arizona, a newly secured US$1.2 billion credit facility, and completed senior note issuances totaling US$1.15 billion — moves that strengthen its balance sheet following its renewable energy business divestiture. With new CEO Roderick West at the helm and analysts estimating fair value near CA$9.73 versus its current trading price, the stock is drawing renewed interest from income investors attracted to its ~4.7% dividend yield and improving earnings predictability.

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July 7, 2026Algonquin Power & Utilities closed nearly 2% higher, recovering from a steep ~6.6% selloff on July 3rd that left shares down roughly 5% on the week amid no clear company-specific catalysts. National Bank maintained its Outperform rating on the stock, offering a vote of confidence after the sharp pullback. Analyst commentary points to AQN trading at a roughly 19% discount to fair value estimates near CA$9.73, with the company's ongoing transformation into a pure-play regulated utility — including new CEO Roderick West and the planned divestiture of its Renewables business — viewed as key catalysts. However, the broader utilities sector (XLU) faced pressure last week, falling 1.3%, as weak June jobs data and a tech rebound shifted capital away from defensive names.

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July 3, 2026Algonquin Power & Utilities closed modestly higher on the NYSE, edging up after notable intraday volatility that saw shares swing from a low of $5.44 to a high of $5.75 on roughly 2.5x average volume. The elevated trading activity followed the company's recent annual meeting, where all nine board nominees were elected with strong shareholder support and a $0.065/share dividend went ex-dividend on June 30. Analysts have lifted their fair value estimate to ~CA$9.73, citing improved discount rate and P/E assumptions, though the broader utilities sector was the week's worst-performing S&P sector, down 1.18%, as rate-hike expectations and rotation into growth weighed on defensive income names.

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The Globe and Mail · July 18, 2026Algonquin Power & Utilities (AQN) Receives a Hold from BMO CapitalMoomoo · July 1, 2026Barclays Maintains Algonquin Power & Utilities(AQN.US) With Buy Rating, Announces Target Price $7Stock Titan · June 29, 2026Algonquin Power shareholders back all 9 board nomineesBusiness Wire · April 8, 2026Algonquin Power & Utilities Corp. Announces Date for First Quarter 2026 Financial Results and Conference CallYahoo! Finance Canada · March 6, 2026Algonquin Power cuts 2027 guidance; stock sinks double digits
Mt Newswire · May 13, 2026Algonquin Power, Utilities Unit Prices $1.15 Billion Debt Offering
Benzinga · May 12, 2026Wells Fargo Initiates Coverage On Algonquin Power with Equal-Weight Rating, Announces Price Target of $7
Mt Newswire · May 11, 2026Algonquin Power & Utilities Shares Range-Bound Until US Redomiciling Move Becomes Clearer, RBC Says
Mt Newswire · May 8, 2026Algonquin Power & Utilities Posts Lower Q1 Adjusted Net Earnings YoY
Mt Newswire · May 8, 2026Algonquin Power & Utilities Q1 Adjusted Earnings Fall, Revenue Rises
Mt Newswire · May 8, 2026Earnings Flash (AQN) Algonquin Power & Utilities Posts Q1 Revenue $792.4M, vs. FactSet Est of $713.7M
Benzinga · May 8, 2026Algonquin Power Q1 Adj. EPS $0.13 Beats $0.11 Estimate, Sales $792.400M Beat $710.532M Estimate
Benzinga · May 8, 2026Algonquin Power Q1 Adj. EPS $0.13 Beats $0.12 Estimate, Sales $792.400M Beat $710.800M Estimate

Peers

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