Algonquin Power enters cooperation deal with Starboard, adds two to board
Seeking Alpha News (Fri, 19-Apr 9:36 AM ET)
Algonquin Power Board Revamp and Strategic Alliance
TipRanks (Thu, 18-Apr 6:27 PM ET)
Algonquin Power Boosts Board, Partners with Starboard
TipRanks (Thu, 18-Apr 5:37 PM ET)
PRNewswire (Thu, 18-Apr 5:18 PM ET)
PRNewswire (Wed, 10-Apr 5:00 PM ET)
Algonquin Power & Utilities Corp. Announces Successful Remarketing of 1.18% Senior Notes due 2026
PRNewswire (Tue, 26-Mar 9:29 PM ET)
Algonquin Comments on Starboard Value Director Nominations
PRNewswire (Fri, 22-Mar 6:30 AM ET)
Business Wire (Thu, 21-Mar 5:09 PM ET)
PRNewswire (Tue, 19-Mar 6:30 AM ET)
Algonquin Power & Utilities Corp. Announces 2023 Fourth Quarter and Full Year Financial Results
PRNewswire (Fri, 8-Mar 6:30 AM ET)
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 April 23, 2024, AQN stock price climbed to $6.18 with 3,901,399 million shares trading.
AQN has a beta of 1.49, meaning it tends to be more sensitive to market movements. AQN has a correlation of 0.27 to the broad based SPY ETF.
AQN has a market cap of $4.26 billion. This is considered a Mid Cap stock.
Last quarter Algonquin Power & Utilities Corp. Common Shares reported $667 million in Revenue and $.16 earnings per share. This beat revenue expectation by $14 million and exceeded earnings estimates by $.01.
In the last 3 years, AQN stock traded as high as $16.41 and as low as $4.90.
The top ETF exchange traded funds that AQN belongs to (by Net Assets): FIW, IFRA, CNRG, KOMP, ACTV.
AQN stock has underperformed the market in the last year with a return of -20.8%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AQN shares. However, AQN has outperformed the market in the last 3 month and 2 week periods, returning +5.9% and -1.6%, while SPY returned +4.8% and -2.6%, respectively. This indicates AQN has been having a stronger performance recently.
AQN support price is $5.95 and resistance is $6.19 (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 stock will trade within this expected range on the day.