AQNU Stock Summary and Trading Ideas (Algonquin Power & Utilities Corp. Corporate Units | NYSE:AQNU)

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. Corporate Units trades on the NYSE stock market under the symbol AQNU.

As of March 20, 2023, AQNU stock price declined to $27.23 with 19,173 million shares trading.

AQNU has a beta of 0.38, meaning it tends to be less sensitive to market movements. AQNU has a correlation of 0.07 to the broad based SPY ETF.

AQNU has a market cap of $0.00. This is considered a Sub-Micro Cap stock.

AQNU stock has underperformed the market in the last year with a return of -34.9%, while SPY returned -8.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AQNU shares. However, AQNU has outperformed the market in the last 3 month and 2 week periods, returning +16.6% and -1.6%, while SPY returned +3.1% and -2.2%, respectively. This indicates AQNU has been having a stronger performance recently.

AQNU support price is $27.10 and resistance is $28.20 (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 AQNU stock will trade within this expected range on the day.