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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Comment by SargeXon Feb 23, 2021 1:50pm
178 Views
Post# 32638153

RE:RE:RE:RE:RE:Bad news usually impacts for 3 days (or more)

RE:RE:RE:RE:RE:Bad news usually impacts for 3 days (or more)Hey Young

Interesting. I have a slightly different view of the utility/renewables space.

As background, my wife and I own a full position of AQN, CPX, EMA, and FTS and a partial position of NPI.

I think AQN and CPX are fairly valued but strong buys at this pointt for their future growth. I think EMA and FTS are screaming buys, especially for an income investor.

I differ with you on NPI. I think it's still a bit over-valued (and really was at >$50). I actually think the whole renwables space is a sell. We recently sold all of our BEP.UN and have trimmed 60% of our NPI (for very large profits, I might add). I would have sold more NPI but it's in a non-reg account so some big capital gains taxes.

Take her easy
  Sarge

YoungH1isback wrote: Algonquin might be slightly overvalued, but it is not out whack for the sector by any means. In fact Algonquin and Northland Power are probably the closest you'll get to fair value in the sector. Northland might be a little closer to fair value, but I guess it depends on what metrics you use to determine the valuations.

When it comes to being overvalued for the renewables sector if you said TransAlta Renewables, Boralex, Brookfield Energy Partners, and Innergex were overvalued then I would have to agree. The valuations on those stocks don't make sense to me when compared to AQN and NPI. 

In my opinion Algonquin and Northland are the two most reasonably valued in the sector. Northland has provided better historic returns vs Algonquin, especially the last 12 months. I think either choice is a good choice right now, especially after today's dips. 


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