Algonquin Power & Utilities (AQN) Stock Forecast, Price Target & Predictions


OverviewRevenueOwnershipFinancialsChartTranscripts

AQN Stock Forecast


Algonquin Power & Utilities stock forecast is as follows: an average price target of $7.53 (represents a 36.91% upside from AQN’s last price of $5.50) and a rating consensus of 'Hold', based on 10 wall street analysts offering a 1-year stock forecast.

AQN Price Target


The average price target for Algonquin Power & Utilities (AQN) is $7.53 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $10.50 to $5.75. This represents a potential 36.91% upside from AQN's last price of $5.50.

AQN Analyst Ratings


Hold

According to 10 Wall Street analysts, Algonquin Power & Utilities's rating consensus is 'Hold'. The analyst rating breakdown for AQN stock is 0 'Strong Buy' (0.00%), 4 'Buy' (40.00%), 6 'Hold' (60.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Algonquin Power & Utilities Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 13, 2024Robert HopeScotiabank$5.75$5.1711.33%4.55%
Aug 12, 2024Rupert MererNational Bank$6.75$5.1531.07%22.73%
Aug 12, 2024Neil KaltonWells Fargo$6.00$5.4110.91%9.09%
May 29, 2024Neil KaltonWells Fargo$8.50$6.3833.23%54.55%
Mar 11, 2024Brent StadlerDesjardins$5.75$6.42-10.44%4.55%
Jan 08, 2024Ben PhamBMO Capital$7.50$6.5115.21%36.36%
Jan 13, 2023-BMO Capital$7.50$7.145.04%36.36%
Jan 13, 2023-Credit Suisse$10.50$7.1447.06%90.91%
Dec 21, 2022-RBC Capital$8.00$6.7019.40%45.45%
Nov 30, 2022-Credit Suisse$10.75$7.3047.26%95.45%
Row per page
Go to

The latest Algonquin Power & Utilities stock forecast, released on Aug 13, 2024 by Robert Hope from Scotiabank, set a price target of $5.75, which represents a 11.33% increase from the stock price at the time of the forecast ($5.17), and a 4.55% increase from AQN last price ($5.50).

Algonquin Power & Utilities Price Target by Period


1M3M12M
# Anlaysts-36
Avg Price Target-$6.17$6.71
Last Closing Price$5.50$5.50$5.50
Upside/Downside-100.00%12.18%22.00%

In the current month, the average price target of Algonquin Power & Utilities stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Algonquin Power & Utilities's last price of $5.50. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 05, 2024Janney Montgomery-NeutralInitialise
Aug 13, 2024ScotiabankSector PerformSector PerformHold
Aug 12, 2024Raymond James-Market PerformDowngrade
Aug 12, 2024Wells FargoOverweightEqual-WeightDowngrade
May 29, 2024Wells FargoOverweightOverweightHold
Mar 11, 2024DesjardinsSellHoldUpgrade
Jan 08, 2024BMO CapitalMarket PerformOutperformUpgrade
Nov 10, 2023BMO CapitalMarket PerformMarket PerformHold
Nov 10, 2023Wells FargoOverweightOverweightHold
Feb 16, 2023Bank of America Securities-BuyUpgrade
Row per page
Go to

Algonquin Power & Utilities's last stock rating was published by Janney Montgomery on Sep 05, 2024. The company Initialise its AQN rating from "null" to "Neutral".

Algonquin Power & Utilities Financial Forecast


Algonquin Power & Utilities Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 17Jun 17
Revenue-----------$778.63M$738.48M$666.72M$624.26M$735.70M$594.84M$528.58M$527.52M$634.54M$492.40M$376.12M$343.64M$464.90M$438.55M$365.57M$343.58M$477.23M$357.36M$348.48M
Avg Forecast$629.44M$617.77M$567.81M$711.13M$668.17M$624.92M$635.95M$813.38M$661.73M$623.56M$611.83M$733.59M$685.66M$593.82M$614.28M$709.61M$521.99M$483.03M$463.04M$560.76M$523.18M$412.62M$407.40M$562.11M$479.41M$404.19M$403.68M$530.38M$274.89M$383.33M
High Forecast$653.75M$641.63M$589.74M$738.60M$693.98M$649.05M$660.51M$844.80M$688.44M$647.65M$635.46M$761.92M$712.14M$616.75M$614.28M$709.61M$521.99M$483.03M$463.04M$560.76M$523.18M$412.62M$407.40M$562.11M$479.41M$404.19M$403.68M$530.38M$329.87M$460.00M
Low Forecast$605.13M$593.91M$545.88M$683.67M$642.37M$600.78M$611.39M$781.97M$635.01M$599.48M$588.20M$705.25M$659.18M$570.89M$614.28M$709.61M$521.99M$483.03M$463.04M$560.76M$523.18M$412.62M$407.40M$562.11M$479.41M$404.19M$403.68M$530.38M$219.91M$306.67M
# Analysts-----1-12111----11111199891381916
Surprise %-----------1.06%1.08%1.12%1.02%1.04%1.14%1.09%1.14%1.13%0.94%0.91%0.84%0.83%0.91%0.90%0.85%0.90%1.30%0.91%

Algonquin Power & Utilities's average Quarter revenue forecast for Jun 23 based on 1 analysts is $611.83M, with a low forecast of $588.20M, and a high forecast of $635.46M. AQN's average Quarter revenue forecast represents a -21.42% decrease compared to the company's last Quarter revenue of $778.63M (Mar 23).

Algonquin Power & Utilities EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 17Jun 17
# Analysts-----1-12111----11111199891381916
EBITDA-----------$302.65M$284.64M$259.01M$251.95M$281.44M$338.36M$100.90M$255.37M$139.33M$688.62M$153.24M$453.62M$47.63M$309.63M$249.17M$293.08M$214.91M$161.13M$155.40M
Avg Forecast$260.96M$256.13M$235.41M$294.83M$277.02M$259.09M$263.66M$319.93M$274.35M$258.53M$253.66M$290.85M$284.27M$117.92M$254.68M$264.41M$211.11M$107.20M$237.13M$139.33M$211.60M$142.29M$164.77M$50.01M$275.23M$163.47M$163.26M$214.51M$112.79M$169.53M
High Forecast$271.04M$266.02M$244.50M$306.22M$287.72M$269.09M$273.84M$383.92M$285.42M$268.51M$263.46M$349.02M$295.25M$141.51M$254.68M$317.29M$211.11M$128.64M$284.56M$167.19M$211.60M$170.75M$164.77M$60.01M$330.28M$163.47M$163.26M$214.51M$135.35M$203.43M
Low Forecast$250.89M$246.23M$226.32M$283.45M$266.32M$249.08M$253.48M$255.95M$263.27M$248.54M$243.87M$232.68M$273.29M$94.34M$254.68M$211.53M$211.11M$85.76M$189.70M$111.46M$211.60M$113.83M$164.77M$40.01M$220.18M$163.47M$163.26M$214.51M$90.23M$135.62M
Surprise %-----------1.04%1.00%2.20%0.99%1.06%1.60%0.94%1.08%1.00%3.25%1.08%2.75%0.95%1.13%1.52%1.80%1.00%1.43%0.92%

1 analysts predict AQN's average Quarter EBITDA for Jun 23 to be $253.66M, with a high of $263.46M and a low of $243.87M. This is -16.19% lower than Algonquin Power & Utilities's previous annual EBITDA (Mar 23) of $302.65M.

Algonquin Power & Utilities Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 17Jun 17
# Analysts-----1-12111----11111199891381916
Net Income-----------$270.14M$-91.10M$-207.34M$-62.32M$52.60M$143.51M$-27.92M$103.22M$13.95M$504.19M$55.85M$286.22M$-63.80M$172.10M$115.75M$156.63M$86.41M$47.92M$36.69M
Avg Forecast$73.92M$80.95M$52.80M$91.51M$87.76M$69.40M$56.04M$104.56M$99.80M$85.19M$74.40M$95.06M$137.54M$-32.63M$101.45M$86.42M$149.34M$-29.67M$95.85M$13.95M$157.90M$51.86M$357.77M$-66.99M$152.98M$91.30M$91.24M$159.73M$33.54M$40.02M
High Forecast$77.63M$85.02M$55.45M$96.11M$92.17M$77.12M$58.85M$125.48M$135.44M$89.47M$78.14M$114.07M$144.44M$-26.11M$101.45M$103.70M$149.34M$-23.73M$115.02M$16.74M$157.90M$62.23M$429.33M$-53.59M$183.57M$91.30M$91.24M$159.73M$40.25M$48.03M
Low Forecast$70.20M$76.89M$50.15M$86.92M$83.36M$53.98M$53.22M$83.65M$78.41M$80.91M$70.66M$76.05M$130.63M$-39.16M$101.45M$69.13M$149.34M$-35.60M$76.68M$11.16M$157.90M$41.49M$286.22M$-80.38M$122.38M$91.30M$91.24M$159.73M$26.83M$32.02M
Surprise %-----------2.84%-0.66%6.35%-0.61%0.61%0.96%0.94%1.08%1.00%3.19%1.08%0.80%0.95%1.13%1.27%1.72%0.54%1.43%0.92%

Algonquin Power & Utilities's average Quarter net income forecast for Jun 23 is $74.40M, with a range of $70.66M to $78.14M. AQN's average Quarter net income forecast represents a -72.46% decrease compared to the company's last Quarter net income of $270.14M (Mar 23).

Algonquin Power & Utilities SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 17Jun 17
# Analysts-----1-12111----11111199891381916
SG&A-----------$22.79M$23.82M$24.96M$22.36M$20.03M$22.69M$19.04M$22.09M$19.22M$19.61M$19.35M$29.93M$15.67M$5.20M$19.92M$17.27M$14.41M$11.64M$12.81M
Avg Forecast$26.09M$25.60M$23.53M$29.47M$27.69M$25.90M$26.36M$23.02M$27.42M$25.84M$25.36M$20.93M$28.42M$22.25M$25.46M$19.03M$20.87M$20.23M$20.51M$19.22M$20.92M$17.97M$37.41M$19.98M$4.62M$16.16M$16.14M$21.21M$8.15M$13.97M
High Forecast$27.09M$26.59M$24.44M$30.61M$28.76M$26.90M$27.37M$27.63M$28.53M$26.84M$26.34M$25.12M$29.51M$26.70M$25.46M$22.83M$20.87M$24.28M$24.61M$23.07M$20.92M$21.56M$44.90M$23.98M$5.54M$16.16M$16.14M$21.21M$9.78M$16.77M
Low Forecast$25.08M$24.61M$22.62M$28.33M$26.62M$24.90M$25.34M$18.42M$26.32M$24.84M$24.38M$16.75M$27.32M$17.80M$25.46M$15.22M$20.87M$16.18M$16.41M$15.38M$20.92M$14.37M$29.93M$15.98M$3.70M$16.16M$16.14M$21.21M$6.52M$11.18M
Surprise %-----------1.09%0.84%1.12%0.88%1.05%1.09%0.94%1.08%1.00%0.94%1.08%0.80%0.78%1.13%1.23%1.07%0.68%1.43%0.92%

Algonquin Power & Utilities's average Quarter SG&A projection for Jun 23 is $25.36M, based on 1 Wall Street analysts, with a range of $24.38M to $26.34M. The forecast indicates a 11.24% rise compared to AQN last annual SG&A of $22.79M (Mar 23).

Algonquin Power & Utilities EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 17Jun 17
# Analysts-----1-12111----11111199891381916
EPS-----------$0.39$-0.13$-0.31$-0.09$0.08$0.23$-0.05$0.16$0.02$0.84$0.09$0.54$-0.13$0.33$0.23$0.31$0.17$0.12$0.09
Avg Forecast$0.10$0.12$0.07$0.13$0.12$0.10$0.08$0.16$0.14$0.12$0.11$0.16$0.20$0.17$0.15$0.21$0.21$0.15$0.13$0.20$0.22$0.14$0.12$0.21$0.18$0.13$0.13$0.22$0.07$0.12
High Forecast$0.11$0.12$0.08$0.14$0.13$0.11$0.08$0.16$0.19$0.13$0.11$0.17$0.21$0.17$0.15$0.21$0.21$0.15$0.13$0.20$0.22$0.14$0.12$0.21$0.18$0.13$0.13$0.22$0.08$0.14
Low Forecast$0.10$0.11$0.07$0.12$0.12$0.08$0.08$0.15$0.11$0.11$0.10$0.16$0.19$0.16$0.15$0.21$0.21$0.15$0.13$0.20$0.22$0.14$0.12$0.21$0.18$0.13$0.13$0.22$0.06$0.10
Surprise %-----------2.37%-0.67%-1.87%-0.63%0.37%1.10%-0.33%1.21%0.10%3.79%0.66%4.59%-0.62%1.84%1.79%2.42%0.76%1.73%0.77%

According to 1 Wall Street analysts, Algonquin Power & Utilities's projected average Quarter EPS for Jun 23 is $0.11, with a low estimate of $0.10 and a high estimate of $0.11. This represents a -72.90% decrease compared to AQN previous annual EPS of $0.39 (Mar 23).

Algonquin Power & Utilities Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AMPSAltus Power$3.36$8.50152.98%Buy
NEPNextEra Energy Partners, LP$26.34$52.6399.81%Hold
BEPBrookfield Renewable Partners$26.17$37.1241.84%Buy
AQNAlgonquin Power & Utilities$5.50$7.5336.91%Hold
FLNCFluence Energy$21.73$26.7323.01%Buy
CWENClearway Energy$29.16$35.0020.03%Buy
ENLTEnlight Renewable Energy$16.73$20.0019.55%-
AYAtlantica Sustainable Infrastructure$21.93$25.4015.82%Hold
ORAOrmat$75.93$85.0011.95%Buy

AQN Forecast FAQ


No, according to 10 Wall Street analysts, Algonquin Power & Utilities (AQN) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 40.00% of AQN's total ratings.

Algonquin Power & Utilities (AQN) average price target is $7.53 with a range of $5.75 to $10.5, implying a 36.91% from its last price of $5.5. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for AQN stock, the company can go up by 36.91% (from the last price of $5.5 to the average price target of $7.53), up by 90.91% based on the highest stock price target, and up by 4.55% based on the lowest stock price target.

AQN's highest twelve months analyst stock price target of $10.5 supports the claim that Algonquin Power & Utilities can reach $8 in the near future.

Algonquin Power & Utilities's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $2.74B (high $2.85B, low $2.64B), average EBITDA is $1.12B (high $1.21B, low $1.02B), average net income is $317.77M (high $353.62M, low $274.21M), average SG&A $102.97M (high $110.66M, low $95.28M), and average EPS is $0.459 (high $0.488, low $0.419). AQN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.53B (high $2.62B, low $2.43B), average EBITDA is $1.05B (high $1.09B, low $1.01B), average net income is $299.18M (high $314.2M, low $284.16M), average SG&A $104.69M (high $108.73M, low $100.65M), and average EPS is $0.425 (high $0.446, low $0.404).

Based on Algonquin Power & Utilities's last annual report (Dec 2022), the company's revenue was $2.77B, beating the average analysts forecast of $2.6B by 6.21%. Apple's EBITDA was $1.08B, beating the average prediction of $921.28M by 16.91%. The company's net income was $-308M, missing the average estimation of $292.77M by -205.25%. Apple's SG&A was $91.18M, missing the average forecast of $95.15M by -4.17%. Lastly, the company's EPS was $-0.45, missing the average prediction of $0.718 by -162.67%. In terms of the last quarterly report (Mar 2023), Algonquin Power & Utilities's revenue was $778.63M, beating the average analysts' forecast of $733.59M by 6.14%. The company's EBITDA was $302.65M, beating the average prediction of $290.85M by 4.06%. Algonquin Power & Utilities's net income was $270.14M, beating the average estimation of $95.06M by 184.18%. The company's SG&A was $22.79M, beating the average forecast of $20.93M by 8.90%. Lastly, the company's EPS was $0.39, beating the average prediction of $0.164 by 137.47%