Algonquin Power & Utilities Corp T.AQN

Analyst Recommendation

[retiredcf]

Last stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/david-baskin-s-past-picks~2216085

Algonquin Power (AQN TSX)

• Then: $18.04
• Now: $18.70
• Return: 4%
• Total Return: 7%

PAST TOP PICK

 

Algonquin Power & Utilities Corp

(AQN-T)

June 4, 2021
 

(A Top Pick Jul 28/20, Up 7%) Has fallen out of favour, but he is not sure why. One of the worst performers for 2021 for his fund, but still a believer in the company.
 

ELECTRICAL UTILITIES

David Baskin 

 

Price

$18.830

Owned

Yes

[Bushman3333]

Next year will be around double bobbles, I have no doubt. 

[Bushman3333]

AQN stock should not be below 25 bucks ,the CEO said that thier Revenu next year will be double, I do expect will be more than double, and stock share price will also be double without any question, there for aqn have to increase their dividend substantial. You will remember Bushman =p@ssyman =common senseman 

[Shadow1973]

Chris Blumas was on Market Call today talking about AQN as one of his past picks. He had positive feedback with respect to growth in the coming years, but says the company is getting unfairly lumped in with other utilities on the sector downtrend from fears of (potential) rising interest rates. Most of their 5 year capital expenditure is front loaded in the next year or so anyway.  I'm

[SargeX]

Hey Shadow That's interesting on Blumas's take. I think he totally has it wrong. AQN has been beaten up because investors are treating it like a pure renewables even though it's revenue is actually 80% or so regulated utitlies. We hold CPX, EMA, anf FTS and all are up between 4 and 12% in the last 6 mos. We've sold most of our pure renewables but still hold a minor position in

[SargeX]

And I just noticed that BEPC is down 17.3% in the last 6 mos. WOW!! 

[GassXX]

great info sarge

[TickerTwit]

Another issue affecting AQN, perhaps bigger than sector-specific sentiment, is the weakening USD. .

[Bushman3333]

David Rosenberg, some time, he's wrong, last year said, it's good to increase canadian debts this year said  no good, we put this aside, all utilities know that high rate no good for business, however they  are not stupid, rate might go up a bit which f@ck  all that, they do borrow money for long term, also, federal Reserve, and governor bank of Canada are not stupid to make