AQN Stock Summary and Trading Ideas (Algonquin Power & Utilities Corp. Common Shares | NYSE:AQN)

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and 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. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.

Algonquin Power & Utilities Corp. Common Shares trades on the NYSE stock market under the symbol AQN.

As of January 29, 2025, AQN stock price declined to $4.29 with 7,002,646 million shares trading.

AQN has a beta of 0.66, meaning it tends to be less sensitive to market movements. AQN has a correlation of 0.08 to the broad based SPY ETF.

AQN has a market cap of $3.29 billion. This is considered a Mid Cap stock.

Last quarter Algonquin Power & Utilities Corp. Common Shares reported $573 million in Revenue and $.08 earnings per share. This fell short of revenue expectation by $-26 million and missed earnings estimates by -$.01.

In the last 3 years, AQN traded as high as $16.01 and as low as $4.19.

The top ETF exchange traded funds that AQN belongs to (by Net Assets): FIW, IFRA, PFFA, ACTV, DFIS.

AQN has underperformed the market in the last year with a price return of -23.0% while the SPY ETF gained +24.9%. AQN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.1% and -1.4%, respectively, while the SPY returned +4.0% and +3.4%, respectively.

AQN support price is $4.34 and resistance is $4.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AQN shares will trade within this expected range on the day.