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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 longkkon Feb 06, 2024 9:50am
721 Views
Post# 35865057

RE:desjardins vs scotia : 58% target difference

RE:desjardins vs scotia : 58% target differenceI certainly would not put much emphasis on any analyst price targets for Algonquin Power at this point. A key risk is that elevated interest rates persist for an extended period. If rates remain high it reduces the market value and decreases the pool of potential buyers for those assets. Many investors factor in expectations for low cost project financing when acquiring utility scale renewable power installations. With Algonquin looking to potentially monetize certain non-core renewable assets via sales, their ability to successfully unload these holdings at favorable prices is uncertain if rates stay elevated. These price targets likely fail to reflect the dampening effect protracted higher rates could have on investor demand - and consequently achievable sale values - for capital intensive renewable power assets like Algonquin's.
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