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Bullboard - Stock Discussion Forum Algonquin Power & Utilities Corp T.AQN

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

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... see more

TSX:AQN - Post Discussion

Algonquin Power & Utilities Corp > RBC- lowers PT to $6. from $7. (US)
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Post by longkk on Aug 12, 2024 9:46am

RBC- lowers PT to $6. from $7. (US)

RBC’s report highlights ongoing challenges for Algonquin, particularly the long delay in achieving expected earnings from its utility business. The lower-than-expected money from asset sales, combined with a focus on paying down debt instead of buying back shares, adds to investor concerns. RBC has lowered its price target to $6 from $7 (US) for the stock, reflecting these issues, and suggests that the stock might not see much movement in the near term due to these risks and slow earnings growth. Overall, RBC has a cautious outlook for Algonquin as it works through these challenges in the coming years. Kind of discouraging to say the least.

Comment by johnathamilton on Aug 12, 2024 11:15am
With that kind of report, it sounds like NVDA would be a better bet! 
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