RE:Multiply downgrade It seems that both RBC and Raymond James analysts share a cautious outlook on Algonquin, but they emphasize different concerns. RBC focuses on the long delay in expected profits from the utility business and the lower-than-expected proceeds from the renewables sale, which they believe will limit near-term growth. Raymond James, on the other hand, is more concerned about unexpected strategic changes, including a larger-than-expected dividend cut and reduced capital spending, which led them to downgrade the stock. They see these issues as justifying the recent drop in share price and view them as significant challenges for the company’s growth prospects.